How to calculate approximate probability
Submitted by Anonymous (not verified) on Wed, 12/19/2007 - 02:28
Forums:
Activity 1 has an optimistic eestimate of 7 days, a most likely estimate of 16 days and a pessimistic estimate of 25 days. What is the approximate calculated probability that the activity will be finished in 10 to 22 days?
A. 95.4%
B. 50.0%
C. 99.7%
D. 68.3%
How to arrive at the correct answer? Appreciate if any of you can help me on this.
