Seven vendors provide three-point estimates for the construction of a data warehouse at Empirix Trading. The average optimistic cost estimate is $1,378,876 while the average pessimistic estimate is $3,556,143. The average of the best guess estimates are $1,786,552. What is wide-band Delphi estimate for the construction cost rounded to the nearest dollar? Enter the number below without any punctuation or text, e.g., 9334999.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...
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Seven vendors provide three-point estimates for the construction of a data warehouse at Empirix Trading. The average optimistic cost estimate is $1,378,876 while the average pessimistic estimate is $3,556,143. The average of the best guess estimates are $1,786,552. What is wide-band Delphi estimate for the construction cost rounded to the nearest dollar? Enter the number below without any punctuation or text, e.g., 9334999.

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