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PMI Exam PMI-100 Topic 2 Question 64 Discussion

Actual exam question for PMI's PMI-100 exam
Question #: 64
Topic #: 2
[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 Gregoria at Dec 22, 2023, 10:08 AM

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Kassandra
8 months ago
You know, I was totally going to pick A) Sensitivity analysis, but now I'm not so sure. Maybe we should pool our knowledge and see if we can figure this out together.
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Kenny
8 months ago
I was leaning towards C) Modeling and simulation, but I think Corinne makes a good point. Expected monetary value analysis does seem to fit the description better.
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Corinne
8 months ago
Hmm, I think the answer might be D) Expected monetary value analysis. This concept takes into account the probability of different outcomes and calculates the average expected value.
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Alishia
8 months ago
This question seems to be testing our understanding of statistical concepts. The key is to identify the option that calculates the average outcome when the future includes uncertain scenarios.
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Alpha
8 months ago
D) Expected monetary value analysis
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Colette
8 months ago
D) Expected monetary value analysis
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Dominque
8 months ago
C) Modeling and simulation
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Joseph
8 months ago
B) Three-point estimate
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Reita
8 months ago
A) Sensitivity analysis
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