When using the beta probability distribution to estimate activity times, which of the following statements is TRUE?
A) The use of most optimistic, most likely, and most pessimistic times for an activity will result in a determination of the expected times for that activity.
B) The beta distribution is used as a way of approximating a normal probability distribution for time estimates.
C) The larger the difference between most pessimistic time and most optimistic time for an activity, the smaller the variance of that time estimate.
D) The project manager is usually the only person involved in making time estimates, since obtaining estimates from workers involved in the activities would result in inconsistent estimates.
Correct Answer:
Verified
Q1: To calculate the probability of completing a
Q2: Assuming a beta distribution is being used,
Q3: In making an estimate of the most
Q4: Which one of the following conditions violates
Q5: Which of the following is NOT one
Q7: Activity slack is defined as
A) earliest finish
Q8: Which one of the following statements about
Q9: In a network diagram, an "activity"
A) is
Q10: If a project has multiple critical paths,
Q11: Following are four sets of most optimistic,
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