A probability path - Study guides, Class notes & Summaries

Probability - Independent Events The occurrence of one event does not affect the probability of the other. -If A and B are independent events, then P(A and B) = P(A)•P(B) Theoretical (Classical) Probability Count the number of outcomes and divide by the total possible outcomes. Theoretical probability requires that the experiment be fair. Empirical Probability (Relative Frequency) Perform the experiment multiple times (trials), count the number of times the event occurs and divided...

WGU C722 Test Bank Project Management, Top Exam Questions and answers, Approved. A Guide to Project Management Body of Knowledge (PMBOK Guide) The project management standard developed by the Project Management Institute. Benefit measurement methods A type of decision model that compares the benefits obtained from a variety of new project requests by evaluating them using the same criteria and comparing the results. Co-located When team members work together at the same physical locati...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

Consider the following dose data from three different CT scans. Which procedure has the highest risk of acquiring radiation-induced cancer? A. Procedure 1: Absorbed Dose = 21 mGy, Effective Dose = 11 mSv B. Procedure 2: Absorbed Dose = 80 mGy, Effective Dose = 3 mSv C. Procedure 3: Absorbed Dose = 34 mGy, Effective Dose = 10 mSv D. All risks are equal correct answers A. Procedure 1: Absorbed Dose = 21 mGy, Effective Dose = 11 mSv Procedure 1 has the highest risk of acquiring radiation-ind...

Chapter 1: Abnormal Psychology: An Overview Multiple-Choice Questions 1.1-1. Which of the following is an example of family aggregation? a. Both Jane and her husband are alcoholic. b. Jim and John, 21-year-old friends, are both schizophrenic. c. Karen, her mother, and her grandmother all have been diagnosed with generalized anxiety disorder. d. Kim's suicide was apparently a reaction to her mother's abuse. Difficulty: 1 Question ID: 1.1-1 Page Ref: 2 Topic: Abnormal Psychology:An Overv...

What is the purpose of a project quality management plan? It defines the quality requirements for the project and outlines how the project team will ensure that these requirements are met. What does "float" or "slack" mean in project scheduling? Float or slack refers to the amount of time that a task can be delayed without affecting the overall project schedule. What is the formula for calculating the Cost Performance Index (CPI)? CPI = EV (Earned Value) / AC (Actual Cost)...

ISA 387 Chapter 3 Quiz | Answered with complete solutions A Gantt chart can simplify a complex project by combining several activities into a task _____ that contains subsidiary tasks. bar network group hierarchy A _____ involves breaking a project down into a series of smaller tasks. value breakdown structure (VBS) concept breakdown structure (CBS) risk breakdown structure (RBS) work breakdown structure (WBS) When maintaining schedules, if enough _____ and frequent checkpoints exist, problem...

Which of the following statements is false? a. Probability distributions for PERT activity durations are represented by use of the Beta distribution. b. A forward pass through a project network diagram determines the early start and early finish dates for each activity. c. To complete a project it is necessary to complete all tasks on all paths through the project network. d. The critical path is the series of activities that determine the earliest time by which a project can be started. ...

1. As the project manager, you have the option of proposing one of three systems to a client: a full-feature system that not only satisfies the minimum requirements but also offers numerous special functions (the "Mercedes"); a system that meets the client's minimum requirements (the "Yugo"); and a system that satisfies the minimum requirements plus has a few extra features (the "Toyota"). The on-time records and associated profits and losses are depicted on the below decision tree. What ...

Which of the following statements is false? a. Probability distributions for PERT activity durations are represented by use of the Beta distribution. b. A forward pass through a project network diagram determines the early start and early finish dates for each activity. c. To complete a project it is necessary to complete all tasks on all paths through the project network. d. The critical path is the series of activities that determine the earliest time by which a project can be star...