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A Risk Is an Uncertain Event That, If It Occurs

question 97

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A risk is an uncertain event that, if it occurs, can have a positive or negative effect on project objectives.


Definitions:

Significance Level

A statistical measure that indicates the probability of a particular result occurring by chance, commonly used in hypothesis testing to determine if results are statistically significant.

Internal Validity

The extent to which a research study can demonstrate a causal relationship between variables, free from the influence of external factors.

External Validity

External validity refers to the extent to which the results of a study can be generalized or extended to other situations, people, settings, and measures.

Experimenter Effects

Effects produced or influenced by clues to the hypotheses under examination, inadvertently communicated by the experimenter.

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