Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely cost = $ 10,000 Pessimistic cost = $

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely cost = $ 10,000 Pessimistic cost = $ 15,000 Calculate three point estimate using Beta distribution equation a $11,000 b $10,500 c $5,500 d $50,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

17th Edition

032459237X, 978-0324592375

More Books

Students also viewed these Accounting questions

Question

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely cost = $ 10,000 Pessimistic cost = $ 15,000. Calculate three point estimate using Beta...

Answered: 1 week ago

Question

Following details regarding cost estimate of a project is given: Optimistic cost = $ 8,000 Most likely cost = $ 10,000 Pessimistic cost = $ 15,000 Calculate three point estimate using triangular...

Answered: 1 week ago

Question

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Answered: 1 week ago

Question

Using and citing Bevan, define active empathic listening. Report on both the meaning and significance of the definition Explain how you can use active empathic listening to help you improve your...

Answered: 1 week ago

Question

★★★★★

Keswick Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will be given 20 days to pay for such services. The annual revenue of the division is...

Answered: 1 week ago

Question

★★★★★

P8-4A The bank portion of the bank reconciliation for Backhaus Company at November 30, 2008, was as follows.

Answered: 1 week ago

Question

★★★★★

2. Experiment with peer editing.

Answered: 1 week ago

Question

★★★★★

Las Vegas Corporation is in the business of developing software used exclusively by multinational corporations. Among its assets are innovative soft ware, valuable trademarks, outstanding corporate...

Answered: 1 week ago

Question

★★★★★

please annswe these questions Question 25 Given the information: Interest rate in US (Rh): Interest rate in Switzerland (Rf): The current spot rate for CHF (SRA): 1-year forward rate for CHF (FR): 4%...

Answered: 1 week ago

Question

★★★★★

With petroleum losing its luster, to what extent can/should Atlantic Canada depend on changing their fishing industry from cod to shrimp, crab, and lobster and tourism to improve the region's...

Answered: 1 week ago

Question

★★★★★

At December 31, 2022, the following information was available for E. Swifty Company: ending inventory $36,000, beginning inventory $59,000, cost of goods sold $266,000, and sales revenue $365,000....

Answered: 1 week ago

Question

★★★★★

Lippman Company is evaluating a proposal to purchase a new piece of equipment. The cost of the equipment would be $65,325 and the company expects the investment would generate annual cash flows of...

Answered: 1 week ago

Question

★★★★★

4.28. (a) Let x(t) have the Fourier transform X(jw), and let p(t) be periodic with funda- mental frequency wo and Fourier series representation p(t)=aef 8118 Determine an expression for the Fourier...

Answered: 1 week ago

Question

★★★★★

Income Statement for the ear Ended 3 0 Net Saies ( All on Credit ) . 7 4 1 8 COGS. 5 2 7 1 Depreciation. 7 4 5 EBIT 1 4 0 2 Interest. 3 0 5 . Taxes 3 8 4 Net Incorne. 7 1 3 Dividends paid 2 5 0...

Answered: 1 week ago

Question

★★★★★

When prioritizing risk, what are the two primary criteria that need to be determined for analyzing the level of risk for a particular event? Using these two criteria, how would you describe the risk...

Answered: 1 week ago

Question

★★★★★

Tanya ( born 1 0 - 3 1 - 9 0 ) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $ 8 0 0 for her...

Answered: 1 week ago

Question

★★★★★

QUESTION 11 When preparing a contribution margin income statement, fixed manufacturing overhead is treated as O a period cost deducted from contribution margin a variable cost used in the computation...

Answered: 1 week ago

Question

★★★★★

Comptech Ltd is a manufacturer of optical equipment. In September 2019, Ed Thompson the Chief Research Officer, attended a conference in Switzerland that focused on optical developments for the 21st...

Answered: 1 week ago

Question

★★★★★

15. Use Tukey s procedure on the data of Exercise 5 to identify differences in true average total Fe among the four types of formations (use MSE 15.64).

Answered: 1 week ago

Question

★★★★★

22. The following data refers to yield of tomatoes (kg/plot) for four different levels of salinity; salinity level here refers to electrical conductivity (EC), where the chosen levels were EC 1.6,...

Answered: 1 week ago

Question

★★★★★

13. Repeat Exercise 12 supposing that 502.8 in addition to 427.5.

Answered: 1 week ago

Previous Question Next Question