CAPM (Certified Associate in Project Management) Practice Exam

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In the context of a beta distribution, what does 'O' stand for?

Optimum
Original
Optimistic Estimate
Operational

The correct answer is: Optimistic Estimate

In the context of a beta distribution, the letter 'O' stands for "Optimistic Estimate." This is because the beta distribution is often used to represent a range of possible outcomes for a probability distribution and 'O' represents the optimistic or best-case estimate of the possible outcomes. The other options, such as Optimum, Original, and Operational, do not accurately reflect the purpose or meaning of 'O' in the context of a beta distribution. These options may seem similar, but they do not fit the specific use and meaning of 'O' in this context. Options A and B suggest a specific value or starting point, while option D suggests implementation or functionality. Therefore, these options are not as suitable as the correct answer, C, in representing 'O' in a beta distribution.