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we shall be considering the need for project managers to understand statistics:
‘You don’t need to understand how to calculate probability, measures of central tendency and probability distributions when a spreadsheet can do everything for you’. To what extent do you agree or disagree with this statement and why?
In this unit we shall:
Consider probability, measures of central tendency and probability distribution.
Review the importance of sampling and the different sampling techniques which can be applied.
Investigate sources of potential bias.
Discuss confidence intervals.
Learn about statistical hypothesis tests.
please add a discussion questoin at the end.
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