Hello
A question, and sorry at this stage it may seem a little ‘off topic’ but if anyone knows the answer I guess it will be you risk experts.
It is generally accepted that the duration of a single activity will have a positively skewed probability distribution. Is the result of a critical path analysis also skewed or will it be normal as a result of the Central Limits Theorem coming into play? That states, basically, that the means of successive random samples taken from a population will be normally distributed whatever the underlying parent distribution.
Regards
David
A question, and sorry at this stage it may seem a little ‘off topic’ but if anyone knows the answer I guess it will be you risk experts.
It is generally accepted that the duration of a single activity will have a positively skewed probability distribution. Is the result of a critical path analysis also skewed or will it be normal as a result of the Central Limits Theorem coming into play? That states, basically, that the means of successive random samples taken from a population will be normally distributed whatever the underlying parent distribution.
Regards
David