PMI Exam PMI-100 Topic 3 Question 70 Discussion

Actual exam question for PMI's PMI-100 exam

Question #: 70
Topic #: 3

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 Vicky at Apr 22, 2024, 04:02 AM

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Eric

6 months ago

Exactly, Expected monetary value calculates an average considering probabilities. Makes sense for the future scenarios.

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Terrilyn

6 months ago

Three-point estimate is more about optimistic, pessimistic, and most likely values, I think.

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Reed

6 months ago

Hmm, I thought it might be Three-point estimate. But you guys might be right.

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Eric

7 months ago

Yeah, I agree. Expected monetary value analysis seems correct. It deals with various outcomes.

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Terrilyn

7 months ago

Not sure. It’s tricky. I think it’s Expected monetary value analysis.

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Ula

7 months ago

I really hope I got this right. How are you guys feeling about the question on the average outcome for different future scenarios?

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Marla

8 months ago

B) Three-point estimate

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Lezlie

8 months ago

A) Sensitivity analysis

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Staci

8 months ago

C) Modeling and simulation

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Bong

8 months ago

D) Expected monetary value analysis

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Nobuko

8 months ago

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

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Alaine

8 months ago

C) Modeling and simulation

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Valentin

8 months ago

B) Three-point estimate

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Vincent

8 months ago

A) Sensitivity analysis

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Elbert

8 months ago

D) Expected monetary value analysis

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