The Basis for Use of the Beta Distribution in PERT

question 118

Multiple Choice

The basis for use of the beta distribution in PERT is:

• A) essentially theoretical.
• B) its adaptability.
• C) its symmetry.
• D) It is bimodal.
• E) It can easily be converted to a normal distribution.

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Definitions:

Marginal Benefit

The increased enjoyment or advantage received from the consumption of one extra item of a good or service.

Economics Grade

A measurement or assessment of a student's understanding and proficiency in the subject of economics, typically given as part of an academic evaluation.

Marginal Benefit

The increased pleasure or advantage received from the consumption or creation of an additional unit of a good or service.

Marginal Benefit

The supplementary enjoyment or value derived by a person upon consuming an extra unit of a particular good or service.