Before starting a new project, an analyst in a firm you work at determined that the probability
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Before starting a new project, an analyst in a firm you work at determined that the probability the project would exceed its budget was 17%. Eventually, the project exceeded its budget. Was the probability given by the analyst certainly wrong?
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No the fact that the project eventually exceeded its budget does not necessarily mean that the proba...View the full answer
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Related Book For 
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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