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Wednesday, December 12, 2012

15% CHANCE, YOU WILL EXCEED THE ESTIMATE


Question on Mean

This is a question from Rita fast track.
You just completed a cost estimate on the project, and you are assuming that there is a 15% chance you will exceed this estimate. You are:
a Below the mean
b. Above the mean
c. Above the median
d. Below the median

Hence answer will be B above the mean