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    Calculate the Variance

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    The man-hour estimate for test and evaluation was based on using expert opinion to come up with optimistic, pessimistic and most likely positions. This resulted in a triangular distribution with a minimum estimate of 425 hours, a most likely estimate of 500 hours, and an expected maximum of no more than 650 hours. Calculate the variance of this distribution.

    A) 525
    B) 2188
    C) 92604
    D) 4219

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    https://brainmass.com/business/accounting/calculate-the-variance-500832

    Solution Summary

    Calculates variance of distribution presented in the question.

    $2.19

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