The maximum time to complete a task in a project is 2.5 days. Suppose that the completion

Question:

The maximum time to complete a task in a project is 2.5 days. Suppose that the completion time as a proportion of this maximum is a beta random variable with α = 3 and β = 2. What is the probability that the task requires more than 2 days to complete? (Note that α and β are different from your homework. With using the parameters of the homework problem, you would not earn any point.)
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Applied Statistics And Probability For Engineers

ISBN: 9781118539712

6th Edition

Authors: Douglas C. Montgomery, George C. Runger

Question Posted: