Explain beta distribution

Assignment Help Business Management

Reference no: EM132558507

You have decided to use the beta distribution, or 3-point estimation, technique for this project. For the "phase 1 test" activity in days, the estimates are available: O=5, P=10, M=6.

Address the following:

1. Explain beta distribution, when it is used, and the benefits and shortcomings of the technique.

2. What is the result of this estimate in the example?

3. How does a skew from the mean/median figure relate to planning a project? That is, if your beta is 7.5 and your M=6, how do these relate?

Reference no: EM132558507

Questions Cloud

Question - Issuing Bonds at a Face Amount : Question - Issuing Bonds at a Face Amount. Journalize the entry to record the payment of the principal on the maturity date

Calculate the monthly payments for a home mortgage : Question - Calculate the monthly payments for a home mortgage of $189,000 with a fixed APR of 6.8% for 15 years

Expected return and the market risk : The CAPM investment theory calculates the relationship between the expected return and the market risk.

How much should you deposit at the end of each month : If you can earn an APR of 3.7%, compounded monthly, how much should you deposit at the end of each month

Explain beta distribution : Explain beta distribution, when it is used, and the benefits and shortcomings of the technique.

Discuss benefits of establishing solid financial acumen : Discuss benefits of establishing solid financial acumen in company? Write commentary on Sarbanes Oxley and importance this act has for American businesses.

What is the crash cost per week for Activity A : The crash time for Activity A is 3 weeks and the crash cost is $600. What is the crash cost per week for Activity A

IRAC Method-Legal Environment of Business : Write in-depth briefs explaining your selected cases using the IRAC method.

Effective writing teams-oral communication skills : What types of projects require collaboration? What are four primary attributes of an effective writing team? Provide an example for each.

User Account

All Pages