Use the weighted unit cost to determine the conceptual cost estimate (using the three-point estimate technique) for a proposed parking lot that is to contain 135 parked cars. Previous projects data are given in the table below. P.S. Consider the average of all numbers as the most likely value.
Use the weighted unit cost to determine the conceptual cost estimate (using the three-point estimate technique) for a proposed parking lot that is to contain 135 parked cars. Previous projects data are given in the table below. P.S. Consider the average of all numbers as the most likely value.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Use the weighted unit cost to determine the conceptual cost estimate (using the three-point estimate technique) for a proposed parking lot that is to contain 135 parked cars.
Previous projects data are given in the table below.
P.S. Consider the average of all numbers as the most likely value.
Project No. Cost No. of cars
357.000 120
295,200 80
1
2
3
4
5
6
7
8
Select one:
o o o o
487,000 140
312,000 70
455,000 130
459,100 135
389,000 90
307,000 60
526500
529875
530145
533250
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