Statement: Although the times used in PERT are "estimates," the resulting probabilities are highly credible, especially in cases where little or no previous experience exists.

Question

Quizplus · Accepted Answer

PERT (Program Evaluation and Review Technique) estimates, especially in cases with little or no previous experience, can be quite uncertain. The credibility of the resulting probabilities heavily depends on the accuracy of these estimates, which can be challenging to ascertain without prior data or experience.

Statement: Although the Times Used in PERT Are "Estimates," the Resulting