Question on Risk
Submitted by rwmv on Sun, 05/12/2013 - 14:33
Forums:
Assuming the ends of the range of estimates are +/-3 sigma from the mean, which of the following range estimates involves the LEAST RISK?
a. 30, days, plus or minus 5 days
b. 22-30 days
c. Optimistic=20 days, most likely=30 days, pessimistic=33 days
d. Mean of 28 days
Please let me know the right answer and explanation please of how to handle such questions.
I have no clue on this one.
