Question: Using the following three-point estimates, calculate the expected value using the beta distribution formula: Optimistic = 25, Pessimistic = 50, Most Likely = 35. A.

Using the following three-point estimates, calculate the expected value using the beta distribution formula: Optimistic = 25, Pessimistic = 50, Most Likely = 35.

A. 25 B. 36 C. 35 D. 37

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!