Christopher
Active Member
- Aug 7, 2009
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- #21
They're just as uncertain on both sides though. Therefore, the most honest thing to do is state the expected value. If they were stating the absolute best case scenario as the most likely outcome, you'd have a valid argument. They're not though.
Since when does a highly uncertain estimate become the expected value?
Uncertainty refers to the margin of error in the estimate. The estimate still produces an expected value.
The problem is that the margin of error is substantial, meaning the estimate is no good.