Pessimistic time and optimistic time of of an activity are given as completion 10 days and 4 days respectively, the variance of the activity will be

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Q: ▼ ▼ Part A Determine the y component of reaction at A. Express your answer to three significant…

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Q: Q2 : A: Find the standard deviation and variance of the following data classes 10- 13- 16- 19-22…

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Q: Wait bricks Load bricks Mix Enquiries, orders mortar & lay bricks Clean up Clear site 2Dig trench…

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Q: In a binomial probability distribution, probability of success plus probability of failure must be

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Q: 30. A recent study of the lifetimes of cell phones found the average is 24.3 months. The standard…

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Q: The cumulative distribution function of the time (in minutes) between arrival and 8:30 AM. b. The…

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Q: expected time o

A: Probability distribution

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Q: Find the mean,  the median, and all modes for the data in the given frequency distribution. Points…

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Q: For a construction project. The standard deviation of project is 6.1 days. Assume normal…

A: Given data: For 95% confidence level, z = 1.64 TE=200 days σ=6.1 days

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Q: Given the following data using Thornthwaite method: Month Jan Feb Mar Apr May Jun Jul Aug…

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Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.