PMI Exam PMI-100 Topic 1 Question 68 Discussion

Actual exam question for PMI's PMI-100 exam

Question #: 68
Topic #: 1

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

Show Suggested Answer

Suggested Answer: D

by Johnetta at Mar 20, 2024, 02:42 AM

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Chan

13 days ago

Yeah, the three-point estimate is more about estimating a range of possible outcomes, not the average. Modeling and simulation could also be relevant, but I think the 'expected monetary value' is the most direct answer here.

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Elke

13 hours ago

I think the answer is D) Expected monetary value analysis.

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Jani

13 days ago

Agreed, that's gotta be the right answer. Although, I have to say, the 'three-point estimate' option is a bit of a curve ball. I've heard of that before, but I'm not sure it quite fits the description in the question.

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Cordelia

15 days ago

I was thinking the same thing. Expected monetary value analysis is all about weighing the potential outcomes and their probabilities to determine the average expected result. Seems like a pretty straightforward statistical concept to me.

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Ona

15 days ago

Hmm, this question seems to be testing our understanding of statistical concepts. I think the answer might be 'Expected monetary value analysis' since it involves calculating the average outcome when different scenarios are possible.

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