Calculate the variance of the distribution


Problem: 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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Accounting Basics: Calculate the variance of the distribution
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