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OPM480-S1-01 Flashcards | StudBud

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For a perfect normally distributed data, the probability to the left of the mean equal to:

In managing the risks using associated probability data with large deviation from the mean will give:

OPM480-S1-01

4 terms·StudBud Administration·18 plays

Basic statistics and probability for risk management

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Questions 4

Answers

1
In managing the risks using associated probability data with large deviation from the mean will give:
Average variance
Variance is not affected by the mean
Large variance
Small variance
2
For a perfect normally distributed data, the probability to the left of the mean equal to:
50%
80% or more
More than 50%
Less than 50%
3
The weighted average for a set of cost values for a task is known as:
Expected value
Moving average
Mean
Variance
4
In managing the duration of a task, the distance or dispersion of the historical duration from the central value is:
Standard variance
Standard deviation
Expected value
Sample variance