For Projects Whose Activities Have Probabilistic Time Estimates, the Probability

question 119

Multiple Choice

For projects whose activities have probabilistic time estimates, the probability of completing the project in a specified amount of time is determined by __________________________.

• A) the expected time for the critical path only
• B) the standard deviation for the critical path only
• C) the expected time and standard deviation for the critical path only
• D) the expected times for all paths
• E) the expected times and standard deviations for the critical path and paths whose expected times are close to that of the critical path

Distinguish between different types of random variables and identify experiments as binomial.

Assess the appropriateness of using Poisson distribution for real-world phenomena.

Compute expected values and standard deviations for specific distributions.

Understand the conditions under which a binomial distribution can be used.

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Definitions:

Behavioral Finance

A field of study that examines psychological influences and biases on the financial behaviors of investors and financial markets.

Irrationality

A decision-making process that deviates from logic or reason.

Cumulative Breadth

A technical analysis tool that measures the advancing and declining stocks on an exchange to assess market direction.

Bullish

A descriptive term for investor sentiment that believes a particular security or market is heading for an increase in prices.