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PMI Exam PMI-100 Topic 3 Question 70 Discussion

Actual exam question for PMI's PMI-100 exam
Question #: 70
Topic #: 3
[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 Vicky at Apr 22, 2024, 04:02 AM

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Eric
5 months ago
Exactly, Expected monetary value calculates an average considering probabilities. Makes sense for the future scenarios.
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Terrilyn
5 months ago
Three-point estimate is more about optimistic, pessimistic, and most likely values, I think.
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Reed
5 months ago
Hmm, I thought it might be Three-point estimate. But you guys might be right.
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Eric
6 months ago
Yeah, I agree. Expected monetary value analysis seems correct. It deals with various outcomes.
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Terrilyn
6 months ago
Not sure. It’s tricky. I think it’s Expected monetary value analysis.
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Ula
6 months ago
I really hope I got this right. How are you guys feeling about the question on the average outcome for different future scenarios?
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Marla
7 months ago
B) Three-point estimate
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Lezlie
7 months ago
A) Sensitivity analysis
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Staci
7 months ago
C) Modeling and simulation
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Bong
7 months ago
D) Expected monetary value analysis
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Nobuko
7 months ago
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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Alaine
7 months ago
C) Modeling and simulation
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Valentin
7 months ago
B) Three-point estimate
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Vincent
7 months ago
A) Sensitivity analysis
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Elbert
7 months ago
D) Expected monetary value analysis
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