Regarding control charts, a type I error refers to concluding that the process is:

A) in control when it is not in control.
B) incapable when it is capable.
C) out of control when it is in control.
D) capable when it is not capable.

C

Business

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___ involve estimating individual work items or activities and summing them to get a project total.

a. Actual estimates b. Parametric estimates c. Bottom-up estimates d. Analogous estimates

Business

Misty is applying for a job as an assistant bank manager. During one of the interviews, a manager takes three different phone calls. Misty is best advised to

A) smile, and wait for the interviewer to resume his or her conversation. B) say, "Excuse me, but is being rude standard practice in this bank?" C) whip out her cell phone, and make a few calls of her own. D) get up from the interview, and say, "I'll take a brief break right now."

Business