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The Program Evaluation and Review Technique (PERT) is a method of scheduling projects. In the context of risk, PERT is better than the Critical Path Method because it deals with the _______ associated with ________.
A.Logic,
B.Logic,
C.Certainty,
D.Uncertainty,
E.Certainty,
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The concept of standard deviation is important in risk analysis since standard deviation measures an estimate’s variability. Therefore, the _______ the standard deviation of an estimate, the _______ its variability and risk.
A.Larger,
B.Larger,
C.Smaller,
D.Smaller,
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The weatherman predicted there is a 45% chance of rain and a 10% chance that the rain will be accompanied by wind What is the probability that the baseball game will be called due to rain and wind?
A.4.5%
B.45%
C.48.5%
D.55%
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