For Projects Whose Activities Have Probabilistic Time Estimates, the Probability

question 11

True/False

For projects whose activities have probabilistic time estimates, the probability of completing the project in a specified amount of time is determined by the standard deviation for the critical path only.

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Definitions:

Sampling Error

The discrepancy between the statistical characteristics of a sample and those of the population from which the sample was drawn.

Sample Variance

A measure of dispersion that calculates how much the numbers in a sample differ from the mean of the sample.

Unbiased Estimate

An estimator or prediction that, on average, exactly matches the parameter being estimated in the population.

Denominator

The bottom number in a fraction that shows into how many equal parts the whole is divided.