PMI Exam PMI-100 Topic 2 Question 64 Discussion

Actual exam question for PMI's PMI-100 exam

Question #: 64
Topic #: 2

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 Gregoria at Dec 22, 2023, 10:08 AM

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Kassandra

8 months ago

You know, I was totally going to pick A) Sensitivity analysis, but now I'm not so sure. Maybe we should pool our knowledge and see if we can figure this out together.

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Kenny

8 months ago

I was leaning towards C) Modeling and simulation, but I think Corinne makes a good point. Expected monetary value analysis does seem to fit the description better.

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Corinne

8 months ago

Hmm, I think the answer might be D) Expected monetary value analysis. This concept takes into account the probability of different outcomes and calculates the average expected value.

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8 months ago

A) Sensitivity analysis

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