Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Estimation In preparing to travel to Orlando, Florida for the holidays, we have gathered the following data: . The distance to be travelled is

image text in transcribed
1) Estimation In preparing to travel to Orlando, Florida for the holidays, we have gathered the following data: . The distance to be travelled is approximately 2000 km. For a class volunteer project last summer, some of your classmates spent a week driving from Ottawa to New Orleans, which is also approximately 2000 km. They made the trip in 2 travel days of 11 hours each. You plan to take 4-lane highways the whole way, where you estimate your speed will be 100km/hr. When we spoke to 3 travelers who have driven to Orlando, Florida in the past, we discovered that: o Peter and his family like to make a lot of stops along the way, taking 27 hours to make the trip over 3 days. o Most travelers make the journey in 25 hours of driving, spread across 3 days. o Ali and his friends drive straight through in 22 hours. . A local travel agent says most travelers divide their journey into 3 days of travel. They plan for the following: o Day 1 - Ottawa, ON to Hagerstown, MD - 9.5 hours o Day 2 - Hagerstown, MD to Santee, South Carolina - 9 hours Day 3 - Santee, SC to Orlando, FL - 6 hours Questions Answers Using the data in the case study above, complete a BOTTOM-UP estimation. Your answers should be calculated to 1 decimal place (je; 16.4) Using the data in the case study above, complete an ANALOGOUS estimation. Your answers should be calculated to 1 decimal place (je; 16.4) Using the data in the case study above, complete a THREE POINT estimation (Triangular Distribution). Your answers should be calculated to 1 decimal place (ie: 16.4) Using the data in the case study above, complete a PARAMETRIC estimation. Your answers should be calculated to 1 decimal place (je; 16.4)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Product Marketing Management

Authors: Suat Ozsoy

1st Edition

9798481471693

More Books

Students also viewed these General Management questions