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Rob is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete.Due to the uncertainty involved he will be making a low, an average and a high estimate.Rob is using which estimating approach?
Mean
The average of a set of numbers, found by dividing the sum of all the values by the number of values.
Central Tendency
A numerical metric that pinpoints a sole figure to typify a whole data distribution, often utilizing the mean, median, or mode.
Data
Facts and statistics collected together for reference or analysis, often used as a basis for making decisions or drawing conclusions.
Median
The middle value of a dataset arranged in order of magnitude, or the mean of the two middle values if the set has an even number of observations.
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