PMI Exam PMI-100 Topic 1 Question 81 Discussion

Actual exam question for PMI's PMI-100 exam

Question #: 81
Topic #: 1

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

ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

Show Suggested Answer

Suggested Answer: D

by Ria at Sep 09, 2024, 06:35 AM

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Silvana

5 months ago

Modeling and simulation, eh? Sounds like a fancy way to play with numbers until they do what you want. I'll have to go with D on this one.

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Eleni

5 months ago

Expected monetary value analysis? Sounds like a fancy way of saying 'gambling with extra steps'! Anyway, I'm sticking with D.

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Delmy

3 months ago

Exactly! It's all about weighing the potential outcomes and making informed decisions. D seems like the way to go.

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Lajuana

4 months ago

Yeah, it's like making an educated guess on what might happen in the future. So, D it is!

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Annelle

4 months ago

I agree, it does sound like a fancy term for gambling. But hey, it's all about calculating the average outcome, right?

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Isaiah

5 months ago

I believe it's D) Expected monetary value analysis, as it helps in decision-making under uncertainty.

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Rolland

5 months ago

Hmm, this is a tricky one. I'm torn between B and D, but I'll go with D since it sounds like the most comprehensive option.

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Yolande

4 months ago

D is the way to go for calculating the average outcome in scenarios that may or may not happen.

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Roslyn

4 months ago

I'm not sure, but I think D is the most comprehensive option for this concept.

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Tiffiny

4 months ago

I agree, D seems like the best choice for calculating the average outcome.

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Shelia

4 months ago

I think D is the correct answer too. It takes into account different scenarios.

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Flo

5 months ago

I'm not sure, but I think it's between C) Modeling and simulation and D) Expected monetary value analysis.

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Beckie

5 months ago

I agree with Jillian, because EMV considers all possible outcomes.

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Una

5 months ago

I think the answer is D. Expected monetary value analysis, as it takes into account the probability of different scenarios occurring.

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Marguerita

4 months ago

Three-point estimate is useful for estimating uncertain variables.

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Ludivina

5 months ago

Modeling and simulation can help us understand different scenarios.

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Janet

5 months ago

Sensitivity analysis is also important to consider in decision making.

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Louvenia

5 months ago

I agree, Expected monetary value analysis considers the probability of different outcomes.

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Laticia

5 months ago

Yes, it helps in calculating the average outcome based on various scenarios.

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Becky

5 months ago

I agree, Expected monetary value analysis considers the probability of different outcomes.

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Jillian

5 months ago

I think the answer is D) Expected monetary value analysis.

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