True or False: Level 4 practices utilize statistical techniques to predict quality and process performance objectives.

Level 4 of the Capability Maturity Model Integration (CMMI) focuses on managed processes that utilize statistical methods and quantitative techniques to improve quality and predict process performance. This level emphasizes the importance of understanding and controlling process variations through statistical analysis. By applying these techniques, organizations can set and achieve specific quality and performance objectives based on empirical data, thus enhancing decision-making processes.

In this context, the statement that Level 4 practices utilize statistical techniques to predict quality and process performance objectives is accurate and reflects the core principles of this maturity level. At this stage, organizations work towards data-driven management, where statistical evidence plays a critical role in ensuring that processes are not only followed but continuously improved upon.