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Question 7 1 pts Find the expected total mean cost of the cost items using the Range estimating method. Cost Item Optimistic Cost Most Likely
Question 7 1 pts Find the expected total mean cost of the cost items using the Range estimating method. Cost Item Optimistic Cost Most Likely Cost Pessimistic Cost Direct labor 79 95 95 Direct material 160 66 67 Indirect 93 93 196 expenses Fixed expenses 69 76 82 The answer format is rounded to XXXXX without the $ symbol D Question 8 1 pts Find the Standard Deviation of the cost items using the Range estimating method Cost Item Optimistic Cost Most Likely Cost Pessimistic Cost Direct labor 79 95 95 Direct material 60 66 67 Indirect 93 193 95 expenses Fixed expenses 69 76 82 The answer format is rounded to XXX without the $ symbol Note: This is the same data as Question #7. Remember that the Standard Deviation of the total cost is the square root of the total Variance
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