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Author Question: When using the beta distribution for estimating activity times: (Read 450 times)

pepyto

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When using the beta distribution for estimating activity times:
◦ the most likely time estimate can be positioned anywhere between the optimistic and pessimistic time estimates.
◦ we assume that the standard deviation is one-third the range between the optimistic and pessimistic time estimates.
◦ the most likely time estimate becomes the mean of the distribution.
◦ an advantage is that the mode of the distribution is always equidistant from the end points of the distribution.


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Marked as best answer by pepyto on Apr 18, 2020

jsm54321

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