Examlex
If a project path has an expected duration of 10 days and a standard deviation of 3 days, what is the probability that the path will be completed in 10 days or less?
Independent Variable
In statistical analysis, a variable that is manipulated to determine its effects on a dependent variable.
Scenario Forecasting
A planning technique involving the analysis of future conditions by considering alternative possible outcomes or scenarios, typically to aid in decision-making.
Pessimistic Scenarios
Situations that are imagined or forecasted, based on negative outcomes or the worst possible circumstances.
Simple Regression
A statistical method used to understand and quantify the relationship between two quantitative variables, typically involving one independent variable and one dependent variable.
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