Activity D Has an Optimistic Time of Three Days, a Pessimistic

question 115

Essay

Activity D has an optimistic time of three days, a pessimistic time of nine days, and a most likely time of four days. Determine its expected time and variance.

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Definitions:

Re-Expression

The process of transforming data through mathematical operations to make it meet certain assumptions or improve interpretability.

Histogram

A type of bar graph that represents the distribution of numerical data by showing the number of data points that fall within specified ranges of values.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Boxplots

A graphical representation of data that displays the median, quartiles, and outliers using a box and whisker format.