Question: Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = $2,500, Most Likely = $3,500, Pessimistic = $7,200.

Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = $2,500, Most Likely = $3,500, Pessimistic = $7,200.

A. $4,400 B. $3,950 C. $13,200 D. $3,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Construction Project Management Questions!

Name: PMAN 635 9041 Final Exam Please do any ten of the following questions. If you do all twelve, I will credit you for the best ten. Each question you do will be worth ten percent of your final...

Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = $2,500, Most Likely = $3,500, Pessimistic = $7,200. A. $4,400 B. $3,950...

3 Using a triangular distribution formula, calculate this activity's cost estimate based on its three - point estimates: Optimistic = $ 2 , 0 0 0 , Most Likely = $ 6 , 0 0 0 , Pessimistic = $ 7 , 0 0...

You are a member of a project team performing qualitative risk analysis. The team is in the process of calculating the Risk Factor for several risks. (Risk Factor (RF) = Probability x Impact). The...

I need help with the following EX 6 page 7 What is the total for the Cash column? Ex 6b page 7 What is the total in the inventory column 6c What is the total in the retained earnings column? Ex 7...

I need help on page 50. Exercise 3 about dayteccompany ACCT 252 MANAGERIAL ACCOUNTING CLASS NOTES REQUIRED To accompany Noreen, Brewer, Garrison 2nd ed. textbook Chapter 2 - Management Accounting and...

Quest 3 You are the management accountant of a printing company which has been asked to quote for the printing of posters for the Glenwood community festival. The work would be carried out in...

To Simulate the completion of this project 100 times assuming that activity times follow a normal distribution. Estimate the mean and standard deviation of the project completion time\ This is the...

You are in the process of estimating activity duration in days) for your new project. After planning out the required activities you have been given the following information on the mostly most...

Background: Small Hotel Expansion decision problem A small hotel owner would like to expand his business by building a new wing of rooms and a car parking lot using an adjoining 20,000 square-foot...

Consider the "job" of college student. Perform a job analysis on this job. What tasks are required in the job? What knowledge, skills, and abilities are necessary to perform those tasks? Prepare a...

Use the solubility rules (Table 4.1) to decide which of the following compounds are expected to be soluble and which insoluble. a. NaBr b. PbI2 c. BaCO3 d. (NH4)2SO4

Form 9 4 0 Part 5 ( quarterly tax liability ) is completed if total FUTA tax after adjustment exceeds what amount? Answer: A . $ 4 0 0 B . $ 5 0 0 C . $ 7 , 0 0 0 D . $ 1 1 7 , 0 0 0

What criteria must be met before a not-for-profit organization can record donated services? If the criteria are met, how should donated services be recorded? Give examples to support your answer.