Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely

Fantastic news! We've Found the answer you've been seeking!

Question:

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely cost = $ 10,000 Pessimistic cost = $ 15,000.

Calculate three point estimate using Beta distribution equation.

Related Book For answer-question

Project Management A Systems Approach To Planning Scheduling And Controlling

ISBN: 9781119165354

12th Edition

Authors: Harold Kerzner

See More Books

Posted Date: Mar 24, 2024 11:31 PM

See More Questions

CoursHeroTranscribedText: A 5-year loan in the amount of $48,000 is to be repaid in equal annual payments. What is the remaining principal balance after the third payment if the interest rate is 5...
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
In a Hopfield neural network configured as an associative memory, with all of its weights trained and fixed, what three possible behaviours may occur over time in configuration space as the net...
In your own words, define or explain the terms or symbols (a) (b) [ ]; (c) Spectator ion; (d) Weak acid.
Let A = {1, 2, 3}, B = {w, x, y, z}, and C = {4, 5, 6}. Define the relations R1 A B, R2 B C, and R3 B C, where R1 = {(1, w), (3, w), (2, x), (1, y)}, R2 = {(w, 5), (x, 6), (y, 4), (y, 6)}, and...
For each of the following investments, identify the (a) Reason for the investment (non-strategic or strategic) (b) Balance sheet classification (current or non-current asset) (c) Measurement reported...
When conducting an incremental analysis, what step must always be taken immediately prior to beginning the pairwise comparisons? a. Order the alternatives from highest to lowest initial investment b....
Ciolino Co.s March 31 inventory of raw materials is $ 80,000. Raw materials purchases in April are $ 500,000, and factory payroll cost in April is $ 363,000. Overhead costs incurred in April are:...
Problem 4. Consider the following imperfect information game. Notice that both play- ers have two information sets. 5,2 1 a b 2 t 1 d d 4,3 6.0 4,6 0,4 6,0 (a) Find all subgame perfect Nash...
The Red Sea is a medium-sized engineering company specialized in forming; a mechanical process used in manufacturing industries wherein materials, (mostly metals) undergo plastic deformation and...
Lab testing was performed on a soil sample with the following partial results: According to the USCS, the soil classification is: a. GW b. MH C. CH d. ML Sieve # % passing #4 100 #200 75 LL 62 Pl 20
Compute the approximation for the function given below, for a user specified value of x, to a tolerance of 1.0e-8. Print your answer using three (3) decimal places with an appropriate message....
Jasmine earns $39,000 annually as an office assistant in a small body shop. The company just started to provide disability insurance to its employees this year. Jasmine's plan is a non- contributory...
Using current computer magazines and business publications, research the ways in which one of the operating systems described in this module is being used today. What kinds of businesses are using...
The following discussion assignment will be about network operating systems. Many network operating systems are in use, and each one has strengths and weaknesses. Using the library and the Internet,...
Determine the formula for the breakeven point?
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
Over what ranges of taxable income in 2017 will the total income tax liability for two persons with equal incomes who file as single individuals equal their income tax liability if they file jointly...
If a taxpayer has $40,000 of employee salary in 2017, how much will be withheld for the Social Security and Medicare taxes?
Sally and Jim are married and have taxable income in 2017 of $160,000. If they could file their income tax as single individuals, each of them would have taxable income of $80,000. Do they have a...

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely

Question:

Expert Answer:

To calculate the threepoint estimate using the Beta dist... View the full answer

Project Management A Systems Approach To Planning Scheduling And Controlling

Students also viewed these accounting questions