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Creating a Work Plan Requires Three Steps: Identify the Tasks

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Creating a work plan requires three steps: identify the tasks that need to be accomplished, estimate the time that it will take to complete the tasks, and record the task completion time in a Gantt Chart.


Definitions:

Disposable Income

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Frequency Distribution

An overview of how often each value in a set of data occurs, typically represented in a table or graph.

Sigma Notation

A symbol used in mathematics to represent the sum of a sequence of terms defined by an expression.

Median

A statistical measure representing the middle value in a sorted list of numbers, where half the numbers are above and half are below.

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