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PMI Exam PMI-100 Topic 1 Question 68 Discussion

Actual exam question for PMI's PMI-100 exam
Question #: 68
Topic #: 1
[All PMI-100 Questions]

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

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Suggested Answer: D

by Johnetta at Mar 20, 2024, 02:42 AM

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Sang
4 months ago
I see your point, Jolanda. But Expected monetary value analysis really takes into account various possibilities.
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Maile
5 months ago
Well, Expected monetary value analysis considers different scenarios, so it seems more fitting.
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Jolanda
5 months ago
I believe it's A) Sensitivity analysis.
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Sang
5 months ago
I agree with Maile, Expected monetary value analysis makes sense.
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Jacquelyne
5 months ago
Yes, that's true. But for calculating the average outcome, Expected monetary value analysis is the most suitable option out of the given choices.
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Maile
5 months ago
I think it's D) Expected monetary value analysis.
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Margurite
5 months ago
I see your point. B) Three-point estimate can also be useful in estimating best case, worst case, and most likely outcomes.
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Nettie
6 months ago
That's true, but for calculating the average outcome considering different possible scenarios, Expected monetary value analysis seems more appropriate.
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Yolande
6 months ago
I believe A) Sensitivity analysis is also important in assessing the impact of different variables on outcomes.
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Katheryn
6 months ago
I agree with you, Expected monetary value analysis is used when there are uncertain future scenarios.
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Adolph
6 months ago
I think the answer is D) Expected monetary value analysis because it calculates the average outcome considering different scenarios.
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Chan
7 months ago
Yeah, the three-point estimate is more about estimating a range of possible outcomes, not the average. Modeling and simulation could also be relevant, but I think the 'expected monetary value' is the most direct answer here.
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Chu
7 months ago
Yes, that's the most appropriate choice in this context.
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Aleshia
7 months ago
So, the answer is definitely D) Expected monetary value analysis?
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Jettie
7 months ago
That's more about analyzing the impact of variables on the outcome.
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Melissa
7 months ago
What about sensitivity analysis?
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Deonna
7 months ago
I agree, that sounds like the best option.
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Elke
7 months ago
I think the answer is D) Expected monetary value analysis.
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Jani
7 months ago
Agreed, that's gotta be the right answer. Although, I have to say, the 'three-point estimate' option is a bit of a curve ball. I've heard of that before, but I'm not sure it quite fits the description in the question.
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Cordelia
7 months ago
I was thinking the same thing. Expected monetary value analysis is all about weighing the potential outcomes and their probabilities to determine the average expected result. Seems like a pretty straightforward statistical concept to me.
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Ona
7 months ago
Hmm, this question seems to be testing our understanding of statistical concepts. I think the answer might be 'Expected monetary value analysis' since it involves calculating the average outcome when different scenarios are possible.
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