January 2016
Intermediate to advanced
524 pages
17h 3m
English
book
Probability Methods for Cost Uncertainty Analysis, 2nd Edition
by Paul R. Garvey, Stephen A. Book, Raymond P. Covert
Content preview from Probability Methods for Cost Uncertainty Analysis, 2nd Edition
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338 Probability Methods for Cost Uncertainty Analysis
the interval 0 < ρ
0
< 1 when the actual correlation is ρ, where 0 < ρ < 1
and ρ
0
= ρ. Figure 9.4a and b illustrated these outcomes for ρ
0
= 0.3 and
ρ
0
= 0.5, respectively.
a. Build a table of numerical values associated with the curves shown in
Figure 9.4a and b.
b. Extend this table to include ρ
0
= 0.1, 0.2, 0.4, 0.6, 0.7, 0.8, 0.9.
References
Book, S. A. 1999. Why correlation matters in cost estimating. In 32nd Annual DOD Cost
Analysis Symposium (DODCAS), Los Angeles, CA.
Coleman, R. J. and S. S. Gupta. 1994. An overview of correlation and functional depen-
dencies in cost risk ...