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Judy would like to estimate the annual labor material costs (for 2016) for new equipment based upon the following data. Labor Cost index: 160 (2006)
Judy would like to estimate the annual labor material costs (for 2016) for new equipment based upon the following data.
Labor Cost index: 160 (2006) 220 (2016) Annual Labor cost for similar equipment for 2006: $500,000 Material Cost index: 500 (2010) 750 ( 2016) Annual Material cost for similar equipment for 2010: $2,000,000 How much is her estimate? a) The estimate of the annual labor cost for 2016: b) The estimate of the annual labor cost for 2016:
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Business Statistics
Authors: Robert A. Donnelly
2nd Edition
0321925122, 978-0321925121
