2. Use the Parametric estimating technique to estimate the duration and cost of the following: Scenario: This week two students took on a job of cleaning dorms rooms at the college. The students each completed cleaning one room in 1.5 hours and agreed to clean the remaining 24 rooms. All of the rooms are approximately the same size. The college pays the students $20/hr The college has now acquired another building that is similar to the dorms noted above. Now the college needs to put together an estimate for the cost to hire more students to clean the rooms in the new building, in order to get approval to proceed with the project of hiring a crew to manage, paint renovate and clean the building. The new building has 40 rooms roughly the same size as the smaller dorm already being cleaned. Using the parametric estimating technique, a) estimate the duration of time it will take to clean all of the new rooms, b) how many students will be required to clean the rooms working a maximum of 20 hours per week, c) the amount of money each student will earn and the total dollar amount for the 40 rooms in total. With the new project, new cleaning supplies must be purchased for the new student workers when hired and if the project is approved. New supplies cost $15 per worker. Calculate the total cost for this new portion. 3. Use the Analogous estimating technique to estimate the duration of the following task: Using the same scenario Scenario: Two years ago, a company had a storage she built and it cost $14,500-$11,000 of that total was the wood to build the shed. This year, the company wants three new sheds built, however the carpenters on the team have quoted the cost of wood much higher than it was before the start of the pandemic. This year, there is a 30% increase in the cost of wood. Factor this cost into your estimate. a) Estimate the cost to build three new sheds made of wood this year, to send for approval for a budget for this project. 2. Use the Parametric estimating technique to estimate the duration and cost of the following: Scenario: This week two students took on a job of cleaning dorms rooms at the college. The students each completed cleaning one room in 1.5 hours and agreed to clean the remaining 24 rooms. All of the rooms are approximately the same size. The college pays the students $20/hr The college has now acquired another building that is similar to the dorms noted above. Now the college needs to put together an estimate for the cost to hire more students to clean the rooms in the new building, in order to get approval to proceed with the project of hiring a crew to manage, paint renovate and clean the building. The new building has 40 rooms roughly the same size as the smaller dorm already being cleaned. Using the parametric estimating technique, a) estimate the duration of time it will take to clean all of the new rooms, b) how many students will be required to clean the rooms working a maximum of 20 hours per week, c) the amount of money each student will earn and the total dollar amount for the 40 rooms in total. With the new project, new cleaning supplies must be purchased for the new student workers when hired and if the project is approved. New supplies cost $15 per worker. Calculate the total cost for this new portion. 3. Use the Analogous estimating technique to estimate the duration of the following task: Using the same scenario Scenario: Two years ago, a company had a storage she built and it cost $14,500-$11,000 of that total was the wood to build the shed. This year, the company wants three new sheds built, however the carpenters on the team have quoted the cost of wood much higher than it was before the start of the pandemic. This year, there is a 30% increase in the cost of wood. Factor this cost into your estimate. a) Estimate the cost to build three new sheds made of wood this year, to send for approval for a budget for this project