Studies of IT Projects Reveal That

question 67

Multiple Choice

Studies of IT projects reveal that:

• A)initial cost estimates are overrun by an average of 15%.
• B)over 66% of IT projects were delivered to customers but not used.
• C)about 25% of all IT projects become runaways by overshooting budgets and timetables.
• D)up to 75% of software projects are cancelled.

Recognize the importance and methods for incorporating qualitative variables into regression models through dummy or indicator variables.

Understand the stepwise regression process including its iterative nature and applications.

Identify how many dummy variables are needed to include qualitative variables in a regression model.

Comprehend the role of dummy variables in representing qualitative data within regression models.

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Definitions:

Clusters

Groups or collections of similar items, events, or characteristics closely positioned or occurring together.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Conflict Avoidance

A strategy or approach where individuals preemptively avoid situations or discussions that are likely to lead to disagreements or disputes.

Marriages

A socially, culturally, and legally recognized union between individuals that establishes rights and obligations between them and their children, and between them and their in-laws.