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How many sampling cells would be required for a quota sampling based on the following control characteristics?
Age: 18-25,26-40,41-60,and 61+
Income: Less than $20,000,$20,000-$39,999,and $40,000-$59,999.
Education: Less than high school,High School,2-year degree,and 4-year degree
Cost Variance
The difference between the budgeted or estimated cost of a project and the actual cost incurred.
Cost Performance Index
A measure in project management that calculates the efficiency of budget utilization by dividing the earned value by the actual costs.
Schedule Variance
The difference between the planned and the actual project progress, indicating whether a project is ahead or behind schedule.
Resource Flow Variance
Variations in the rate, timing, and quality of resources being supplied to or produced by a process.
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