The Budget in a Proposal Should

question 81

Multiple Choice

The budget in a proposal should

• A)reflect careful research because a proposal is a legal contract.
• B)provide only rough estimates so that you can raise the price later if costs increase.
• C)never itemize hours and costs, but offer only a total sum.
• D)include a disclaimer to ensure that the budget is not legally binding.

---

Definitions:

Null Hypothesis

In hypothesis testing, it's the hypothesis that assumes no effect or no difference and serves as the basis for testing statistical significance.

Means

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers in the set.

μ

The symbol denoting the population mean in statistics, representing the average of a set of values.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.