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Labor Estimation Senior management is scheduled to review the labor estimate for developing software for iX. The project manager requested an...

Labor EstimationSenior management is scheduled to review the labor estimate for developing software for iX. The project manager requested an analysis of past performance. The analyst compared the actual labor with the initial estimate for the 30 most recent projects. The results, X= actual – initial estimate ( in thousands of hours), are as follows:

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