The Sponsor or Customer Often States the Project Required Completion

question 56

True/False

The sponsor or customer often states the project required completion time in the project charter, RFP, or contract.

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Definitions:

Test Statistic

A numerical measure that summarizes data from a sample to make inferences about a population parameter in hypothesis testing.

Variance

A measure of dispersion indicating how far individual values in a dataset are from the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean.

Sampling Distribution

The probability distribution of a given statistic based on a random sample.