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In probability distribution, what does a wider 3 point estimate curve have in contrast to a narrower 3 point distribution curve?
Greater degree of uncertainty
None of these
No risk
Maximum risk
Wider degree of uncertainty
In probability distribution, there are 3 scenarios: optimistic, most likely and pessimistic. The most likely event is the center point of the curve. The wider the curve, the greater the degree of uncertainty there is in the probability distribution.
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