Estimates Are Based on Both Subjective and Objective Factors

question 82

True/False

Estimates are based on both subjective and objective factors.

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Definitions:

Theory

A system of ideas intended to explain something, based on principles independent of the thing to be explained.

Observed Events

Events or occurrences that have been witnessed and possibly recorded for further analysis or study.

Testable Predictions

Hypotheses or conjectures that can be verified or falsified through experimentation, observation, or other empirical means.

Useful Theory

A theory that provides practical utility for understanding and predicting phenomena, facilitating problem-solving or decision-making processes.