The Simplest Method of Project Screening and Selection Is Developing

question 48

Essay

The simplest method of project screening and selection is developing a(n)________ that contains criteria that pertain to a choice of projects.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or spread of a set of data points relative to its mean.

Mean

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Standard Deviation

An indicator that quantifies the extent to which values in a collection differ from the average, showcasing the degree of spread or divergence among the data points.