With probabilistic time estimates, when we calculate the expected time for an activity, we treat each activity time estimate as a random variable derived from a ______________ probability distribution.

a) normal
b) beta
c) gamma
d) Poisson
e) uniform

b) beta

Business

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________ is the absence of knowledge of the outcome of an event before it happens

A) Return B) Diversification C) Uncertainty D) Certainty

Business

The boundaries of the global village are drawn by the major economic powers–the United States, China, and Japan

Indicate whether the statement is true or false.

Business