Discussion Post: Critical Thinking
• Explain beta distribution, when it is used, and the benefits and shortcomings of the technique.
• What is the result of this estimate in the example?
• How does a skew from the mean/median figure relate to planning a project? That is, if your beta is 7.5 and your M=6, how do these relate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.