Question: You are involved in estimating the time it will take to implement a new software package. You have learned that the most likely time will

You are involved in estimating the time it will take to implement a new software package. You have learned that the most likely time will be 60 days. The pessimistic or longest it should take would be 72 days. If everything goes well the shortest possible time is 48 days. What is the weighed average or expected time using the beta (also called three-point method) distribution?
Review Later
30
54
60
66

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!