Which of the Following Distributions Has Mean Which Is Equal

question 19

Multiple Choice

Which of the following distributions has mean which is equal to (a +b +c) / 3 where a, b, and c are denote optimistic, most likely, and pessimistic estimates respectively?:

• A) Discrete Distribution
• B) Normal Distribution
• C) Pert Distribution
• D) Triangular Distribution
• E) Binomial Distribution

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Definitions:

Land Ownership

The legal right to possess, use, and manage a piece of land.

Compound Interest

The accumulation of money that builds over time in an investment or interest-bearing account as new interest is earned on previous interest that is not withdrawn.

Savings Account

A deposit in a commercial bank or thrift institution on which interest payments are received; generally used for saving rather than daily transactions; a component of the M2 money supply.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.