Examlex
A business analyst could use descriptive statistics of skewness to determine if the empirical rule could appropriately be applied to a variable.
PERT Times
Estimated durations for activities involved in a project, used in the Program Evaluation and Review Technique for planning and scheduling.
Optimistic Time
The “best” activity completion time that could be obtained in a PERT network.
Probable Time
An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.
Expected Activity Time
In project management, it's the best estimate of the time required to complete a task, considering various factors like resources and complications.
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