You have decided to use the beta distribution, or 3-point estimation, technique for this project. For the “phase 1 test” activity in days, the estimates are available: O=5, P=10, M=6.

Address the following:

ORDER   NOW

1. Explain beta distribution, when it is used, and the benefits and shortcomings of the technique.
2. What is the result of this estimate in the example?
3. How does a skew from the mean/median figure relate to planning a project? That is, if your beta is 7.5 and your M=6, how do these relate?

Submission:

• 3- to 4-page APA paper. (not including title and references pages, and the appendix in which you show your calculations.)
• Use 2 references from past 5 years