If the Time Estimates for an Activity Are A=10,m=12 and B=20,the

question 9

Multiple Choice

If the time estimates for an activity are a=10,m=12 and b=20,the mean activity time according to a beta distribution is

• A)7
• B)10
• C)13
• D)20

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Definitions:

Stakeholders

Individuals, groups, or organizations that have an interest or concern in an organization and can be affected by the organization's actions, objectives, and policies.

Bounded Rationality

A concept that suggests individuals make decisions based on a limited amount of information and cognitive constraints.

Rational Choice

is a theory that assumes individuals make decisions based on the maximization of personal advantage, weighing benefits against costs.

Implicit Favorite

An often unrecognized bias towards a person or option that influences decision-making and judgment without conscious awareness.