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The Likelihood of a Risk Occurring _____ as a Project

question 50

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The likelihood of a risk occurring _____ as a project goes through its life cycle.


Definitions:

Population

The entire group of individuals or instances about whom the data is collected and which the statistical analysis is based upon.

Confidence Interval

A span of values, coming from sample observations, expected to include the value of a not-yet-identified population characteristic.

Degrees Of Freedom

The number of independent data points in a statistical calculation that are free to vary.

T-Distribution

A probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the standard deviation is unknown.

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