Question: You are helping a firm determine their future transportation costs
You are helping a firm determine their future transportation costs between their plant in Dallas and their warehouse in Atlanta. Your best estimate, with the data you have, is that the cost will be between $1.70 and $1.80 per mile. You decide to use $1.75 as your cost because it is the midpoint. If you are asked to spend more time seeing whether the number should be closer to $1.70 or $1.80, what would be your argument against further refining this number?
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