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

---

Definitions:

Project At Hand

Refers to the current task or project that is being focused on and requires immediate attention or action.

Internal Secondary Data

Data that has been collected within the organization for a purpose other than the current need but can be used for analysis in decision-making.

Marketing Decisions

Refers to choices made by a company regarding the promotion, pricing, distribution, and development of products or services.

Financial Statements

Compiled official records that detail the financial activities and condition of a business, organization, or individual, including income statement, balance sheet, and cash flow statement.