Question: While completing the cost estimating process for a particular activity in your project, several members of your team disagree over the estimate to do the
While completing the cost estimating process for a particular activity in your project, several members of your team disagree over the estimate to do the work.
After a discussion with the team, you determine that the most likely cost of the activity will be $25, the optimistic cost of the activity will be $15, and the pessimistic cost will be
$70. Using the three-point estimating technique, what is the expected cost of the activity?
A: $110 B: $36.66 C: $30.83 D: $25.83
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