In the project charter, the Purpose best describes the project provides justification for it.
The purpose is a detailed document which covers the following areas:
1. Reason to undertake the project
2. Project benefits
3. Objectives of the project
4. Problems and constraints of the project
5. Main stakeholders
6. Budget and budget spending authorities
7. A Risk matrix
8. Solutions
9. Items of scope
Overall, the document provides a detailed picture to a project manager.
In the given example, the $8000 represents median of central tendency. The median is the number in the middle of a sorted, ascending or descending list of numbers, and it can be more descriptive of the data set than the average. It is the point above and below which half (50%) of the observed data falls, and thus represents the data's midpoint.
The median is the number in the middle of a sorted list of numbers. To find the median value in a series of numbers, sort the numbers in value order from lowest to highest or highest to lowest. The median can be used to approximate an average or mean, but it should not be confused with the actual mean.
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Answer:
Explanation:
Wage replacement ratio is the ratio of a person's gross income after retirement divided by his gross income before retirement.
We use the given information to asses his spending on his lifestyle
Salary = 100000
Saving = 15% of 100000 = 15000
Mortgage payment = 2350
The amount spent on lifestyle = 100000 - 15000 - 2350
= 82650
Thus considering only the available information
Wage replacement ratio = 82650/100000 = 82.65%
Hence,
among the given option
Jack must have 80% wage replacement ratio
Amount of dividends per share to be received each year