Explain why small sample sizes can be a problem when using historical data for estimating a cost

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Explain why small sample sizes can be a problem when using historical data for estimating a cost function.

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Cost Management Measuring Monitoring and Motivating Performance

ISBN: 978-0470769423

2nd edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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Question Posted: Jan 26, 2015 02:00 AM

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Explain why small sample sizes can be a problem when using historical data for estimating a cost

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Small sample sizes may not reflect actual operations ove...View the full answer

Cost Management Measuring Monitoring and Motivating Performance

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