A Probability Can Be Stated as a Proportion

question 48

True/False

A probability can be stated as a proportion.

---

Definitions:

Quality And Schedule Needs

The requirements concerning the standard of work to be delivered and the timeline for its completion in a project.

RFQ

Stands for Request for Quotation, a document that invites suppliers to submit a quote for the supply of specific goods or services.

Qualified Suppliers

Suppliers that have been evaluated and determined to meet the necessary standards and criteria to provide goods or services.

Fixed Price Contract

A contract agreement where the service or product is provided at a predetermined and unchangeable price.