The Activity Crash Cost Is Equal to the Incremental Cost

question 124

True/False

The activity crash cost is equal to the incremental cost of shortening the project.

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Definitions:

Contingency Table

A table used in statistics to show the frequency distribution of variables, helping in analyzing the relationship between them.

Multinomial Proportions

Relative frequencies of outcomes from a multinomial distribution, often used to describe the proportion of outcomes in categorical data.

One-tail Test

A statistical test where the alternative hypothesis specifies a direction of the tested effect.

Z-test

A statistical method employed to ascertain if there's a difference between the means of two populations when the variances are established and the sample size is significant.