how to find project is above/below mean/median.

Submitted by BalbirPashaPMP on Wed, 07/17/2013 - 19:16

 You just completed a cost estimate of the project, you are assuming that there is a 15 percent chance you will exceed this estimate.You are:

 

a. above the mean

b. below the median

c. above the median

d. below the mean

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PMP / CAPM exam Question bank
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BalbirPashaPMP

Wed, 07/17/2013 - 19:20

hint: by the way the solution is interesting and uses normal distribution concept.

 

try it out guys and please share. may be you got a better and easier way to do it.