Q1) Equipment installed group at globes enterprises is about to create cost estimate to find out how much it will cost to install the backup generator at the government laboratory facility.ver years, this group has performed more than 100 such installations and has developed the database reflecting past experience. Data on distribution of cost for building effort, design work and testing effort is given in table below:
|
|
Cheapest ($/%)
|
Usual ($/%)
|
Expensive($/%)
|
|
Design
|
9000/30
|
10000/40
|
12000/30
|
|
Build
|
60000/20
|
70000/60
|
80000/20
|
|
Test
|
18000/20
|
20000/50
|
24000/30
|
|
The data in the table picture the cost of an effort and the percentage of times this cost is achieved for example, 30% of the time ,design cost $9000;40% of the time it cost $10,000;30% of the time it cost $12,000
|
|
00
|
16
|
45
|
84
|
18
|
|
83
|
28
|
82
|
36
|
91
|
|
95
|
14
|
80
|
68
|
34
|
|
54
|
55
|
13
|
20
|
70
|
|
57
|
68
|
61
|
37
|
30
|
|
09
|
81
|
24
|
55
|
21
|
On average, how much does it cost to perform this project?