Question: Irganization prefers pessimistic estimates to optimitics ones when looking at the probability, The more pessimistic your estimate the less risk that will be involved. The

Irganization prefers pessimistic estimates to optimitics ones when looking at the probability, The more pessimistic your estimate the less risk that will be involved. The optimistic cost for a project is $6,000. The pessimistic cost estimate is $24,000 and the most likely cost is $12,000. The project uses 3 sigma estimates. Using PERT what is the range of this estimate

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