____ Software Is an Important Tool for Planning Large Projects

question 10

Multiple Choice

____ software is an important tool for planning large projects, scheduling project tasks, and tracking project costs.

• A)Accounting
• B)Project Management
• C)Presentation
• D)Groupware

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Definitions:

Law of Small Numbers

The erroneous belief that small samples will accurately represent the larger population from which they are drawn.

Law of Small Numbers

A cognitive bias that leads people to draw broad conclusions from small samples of data.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Gambler's Fallacy

The erroneous belief that if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future, or vice versa, in situations that are truly random.