With Probabilistic Time Estimates, When We Calculate the Expected Time

question 24

Multiple Choice

With probabilistic time estimates, when we calculate the expected time for an activity, we treat each activity time estimate as a random variable derived from a ______________ probability distribution.

• A) normal
• B) beta
• C) gamma
• D) Poisson
• E) uniform

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, particularly affecting liquidity, investment, and operating activities.

Investing Section

Part of a company's cash flow statement that shows the cash spent on or generated from investment activities, such as buying or selling assets.

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental.

Cash Outflow

Cash Outflow refers to the movement of money out of a business, including expenses, payments to creditors, or investments, which impacts the company's cash balance.