Question: The maximum time to complete a task in a project is 2.5 days. Suppose that the completion time as a proportion of this maximum is
The maximum time to complete a task in a project is 2.5 days. Suppose that the completion time as a proportion of this maximum is a beta random variable with α = 2 and β = 3. What is the probability that the task requires more than two days to complete?
Step by Step Solution
3.39 Rating (168 Votes )
There are 3 Steps involved in it
Let X denote the completion proport... View full answer
Get step-by-step solutions from verified subject matter experts
