activity A given the following information: X= Daily cost of the crew and tools/equipment required to complete a task A; *: = Unit production rate of the crew per day of the scope of work defined by task A; = The total scope of work defined by task A; X. = Total cost of materials required to complete the scope of work defined by task A; and = Profit and overhead percentage. Assuming these are random variables with parameters shown in table below, determine a 2-sided 95% confidence interval for the cost of activity A. %3D Variable Mean (" Standard Deviation ( XI 150 X2 60 10 X3 20 X4 50 5 X5 0.1

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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Question 2
activity A given the following information: X,= Daily cost of
the crew and tools/equipment required to complete a task A; *:
= Unit production rate of the crew per day of the scope of work
defined by task A; X = The total scope of work defined by task
A; X. = Total cost of materials required to complete the scope of
work defined by task A; and X, = Profit and overhead
percentage. Assuming these are random variables with
parameters shown in table below, determine a 2-sided 95%
confidence interval for the cost of activity A.
Formulate a cost function for an
%3D
Variable Mean (" Standard Deviation (° )
XI
150
X2
60
10
X3
20
X4
50
5
X5
0.1
Transcribed Image Text:Question 2 activity A given the following information: X,= Daily cost of the crew and tools/equipment required to complete a task A; *: = Unit production rate of the crew per day of the scope of work defined by task A; X = The total scope of work defined by task A; X. = Total cost of materials required to complete the scope of work defined by task A; and X, = Profit and overhead percentage. Assuming these are random variables with parameters shown in table below, determine a 2-sided 95% confidence interval for the cost of activity A. Formulate a cost function for an %3D Variable Mean (" Standard Deviation (° ) XI 150 X2 60 10 X3 20 X4 50 5 X5 0.1
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