Inferential Statistics Transform Data into Information

question 13

True/False

Inferential statistics transform data into information.

---

Definitions:

Contingency Time

A reserve time added to a project's schedule to account for potential unforeseen delays.

Late Start Dates

The latest possible dates by which an activity within a project can begin without delaying the project completion.

Complexity Profile

An assessment or understanding of the various factors that contribute to a project's complexity, including technical challenges, stakeholder diversity, and scope volatility.

Median Age

The age that divides a population into two numerically equal groups; half the people are older than this age and half are younger.