When using the beta distribution for estimating activity times:
A) an advantage is that the mode of the distribution is always equidistant from the end points of the distribution.
B) the most likely time estimate can be positioned anywhere between the optimistic and pessimistic time estimates.
C) we assume that the standard deviation is one-third the range between the optimistic and pessimistic time estimates.
D) the most likely time estimate becomes the mean of the distribution.
B
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Indicate whether the statement is true or false.
When a customer of Vegas Sign Company chooses to pay immediately on delivery rather than wait to be billed in 30 days, the buyer receives a 5 percent discount. What is this 5 percent discount an example of?
a. a rebate b. a promotional allowance c. a cash discount d. a functional discount