Proposals Must Be Realistic in Terms of the Proposed Scope

question 82

True/False

Proposals must be realistic in terms of the proposed scope, cost, and schedule in the eyes of the customer.

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Definitions:

Confidence Interval

A lineup of values, acquired through sample analysis, supposed to include the unascertained value of a population parameter.

Sample

A smaller group chosen from a larger population for the purposes of conducting surveys, observations, or interviews to gather data representative of the whole population.

Confidence Interval

A range of values, derived from sample data, that is believed to contain the true population parameter with a certain level of confidence.