NPTEL Project Management Week 3 Assignment Answers:- In this post, we have provided the answers to the NPTEL Project Management Week 3
NPTEL Project Management Week 3 Assignment Answers 2022
Answer:- On the off chance that two methodologies have the same expected benefit, select the one with the smaller standard deviation.
Q2. Which of the following is a schematic model of alternatives available to the decision maker along with possible consequences and alternatives?
Answer:- Decision making model
Answer:- Probabilities for all branches leaving a chance node must sum to 1.0
Q4. A _________ is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
Answer:- Decision tree
Q6. The objective of using decision trees is to
Answer:- To specify sequence of conditions to be tested and actions to be taken
Q7. How the decision tree reaches its decision?
Answer:- Sequence of test
Q9. Strategy A has an expected value of 10 and a standard deviation of 3. Strategy B has an expected value of 10 and a standard deviation of 5. Strategy C has an expected value of 15 and a standard deviation of 10. Which one of the following statements is true?