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Project examples for sampling and the law of large numbers
1. Examples for
the Project
Manager
SAMPLING AND THE
LAW OF LARGE
NUMBERS
The Law of Large Numbers, LLN, tells us it‟s possible to estimate
certain information about a population from just the data
measured, calculated, or observed from a sample of the population.
Sampling saves the project manager time and money, but
introduces risk. How much risk for how much savings?
The answer to these questions is the subject of this paper.
A whitepaper by
John C. Goodpasture, PMP
Managing Principal
Square Peg Consulting, LLC