Question: A project task has been determined to be beta distributed in terms of cost. At best, the task will cost $3,000. At most the task

A project task has been determined to be beta distributed in terms of cost. At best, the task will cost $3,000. At most the task will cost $5,000. Mostly likely the task will cost $3,500. What is the standard deviation of the cost of this task?

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 General Management Questions!

Individual assignment #2 The Managerial Process 8e, page 515 question #8 (Parts A & B) Based on the project network and its data table on pages 516 to 518 Part A: Calculate the BAC, EV, AC, PV, CV,...

8. Part A.\" You are in charge of the Aurora project. Given the following project network, baseline, and status information, develop status reports for periods 1 8 and complete the performance...

Please answer this question.. Very easy. -What sources of value most plausibly account for the differences between buyer and seller? -Structure and execute a discounted cash flow valuation of all of...

Possible Multiple Choice Questions for the Exam. Focus on the topics discussed in class. Chapter 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____...

WINTER 2010 V O L . 5 1 N O. 2 Steven A. Melnyk, Edward W. Davis, Robert E. Spekman and Joseph Sandor Outcome-Driven Supply Chains REPRINT NUMBER 51221 S U P P L Y C H A I N : M A N A G I N G F O R M...

Please help me to write a summary for attached article (about 900 words) Accounting Horizons Vol. 22, No. 4 2008 pp. 453-470 American Accounting Association DOI: 10.2308/acch.2008.22.4.453 On the...

JPMA-01726; No of Pages 12 Available online at www.sciencedirect.com ScienceDirect International Journal of Project Management xx (2015) xxx - xxx www.elsevier.com/locate/ijproman Does Agile work? A...

Can someone help me with a few things on the spreadsheet. I need help with the data tables, the Scenario Analysis and the ARR. Case 59H Student Version 9/29/96 TASTY FOODS CORPORATION (B) Capital...

RO GE up ro lo Tay Risk factors in enterprise-wide/ERP projects Journal of Information Technology (2000) 15, 317-327 T E U L D r & Fr a nci s G M ARY SUM NER School of Business, Southern Illinois...

Tracy Sellers, a retired musical artist, and his two brothers own a substantial amount of the outstanding common stock of Avery Corporation, a young and fast-growing manufacturer of cartons,...

The director of research and development is working on a project to create a new type of diagnostic device for medical labs. This project is significant because the new instrument has the potential...

Which one of the following statements is CORRECT? A Since companies can deduct dividends paid but not interest paid, our tax system favors the use of equify financing over debt financing, and this...

Cost of goods manufactured during the year is $240,000 work in process inventory on December 31 is $50,000. Work in process inventory during the year decreased by 60%. Total manufacturing costs...