Why are outliers a problem for any cost estimation technique?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Outliers do not reflect normal operations and are much hig...View the full answer
Answered By
Sarpharajakhtar Tamboli
Hello, I am Sarpharajakhtar
I am working as assistant professor in senior college since 2017, completed masters in Mathematics from department of mathematics Savitribai bai Phule pune university, i love to helps peoples in maths so they can feel math as easy subject for understanding
Worked as online tutor
Also taken home tutions for maths subject and currently working on senior college as assistant professor in mathematics
0.00
0 Reviews
10+ Question Solved
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why are fixed exchange rates a problem for any nation coming under intense speculative international pressure?
-
Cost estimates are inherently risky, irrespective of the estimation technique used. Suggest four ways in which the risk in a cost estimate can be reduced.
-
Why is cost estimation such an important component of project planning? Discuss how it links together with the Work Breakdown Structure and the project schedule?
-
Measure each amount given in Problems 1721. a. Container C in ounces b. Container C in milliliters mL 500- 400- 300 200- 100 cups 2 1 -16-ez -14 oz -12 oz -110 oz 8 oz -16 oz -4 oz 2 oz Container C...
-
If the density of benzene, C6H6, is 0.879 g/mL, how many moles are present in 17.9 mL of benzene?
-
Ortiz SA purchased a piece of equipment that cost R$202,000 on January 1, 2022. The equipment has the following components. Compute the depreciation expense for this equipment at December 31, 2022....
-
A study was conducted to measure the effect of 3 different meat tenderizers on the weight loss of steaks having the same initial (precooked) weights. The effects of cooking temperatures and cooking...
-
Indicate whether each of the following should be considered a product cost or a period cost. If you identify the item as a product cost, also indicate whether it is a direct or an indirect cost. For...
-
D As the recently appointed auditor for Bramble Corporation, you have been asked to examine selected accounts before the 6-month financial statements of June 30, 2025, are prepared. The controller...
-
During the first month of operation, Graham Expeditions recorded the following transactions. Describe what has happened in each of the transactions (a) through (k). J. D. Rakes, Capital J.D. Rakes,...
-
Describe the term variable cost and give several examples of variable costs within a car rental agency when the cost per rental is the cost object.
-
As volume increases, total cost increases and per-unit cost decreases. What type of linear cost function does this describe? Draw a simple graph of this type of cost function.
-
Find the escape velocity vo that is needed to propel a rocket of mass m out of the gravitational field of a planet with mass M and radius R. Use Newtons Law of Gravitation (see Exercise 29 in Section...
-
Chen Enterprises made the following entry on December 31, 2015. What entry would Hibernia Bank make regarding its outstanding loan to Chen Enterprises? Explain why this must be the case. Interest...
-
On October 10, 2015, Executor Co. entered into a contract with Belisle Inc. to transfer Executors specialty products (sales value of 10,000, cost of 6,500) on December 15, 2015. Belisle agrees to...
-
Go to the Web. Locate the decisions of your states highest appellate court. Find a recent decision in which the court discussed the definition of one of the crimes covered. If you cannot locate such...
-
Go to the Web. Locate your states criminal statutes online. Find the statute defining homicidal crimes. How does your state define the various gradations of homicide? Locate the online statutes for a...
-
Go to the Web. Locate your states statutes on line. Does your state have a generic statute defining attempt, solicitation, and conspiracy? If not, find a state that does have such a statute. Download...
-
A spaceship orbits the Moon at a height of 20 000 m. Assuming it to be subject only to the gravitational pull of the Moon, find its speed and the time it takes for one orbit. For the Moon, m m = 7.34...
-
A liquid flows upward through a valve situated in a vertical pipe. Calculate the differential pressure (kPa) between points A and B. The mean velocity of the flow is 4.1 m/s. The specific gravity of...
-
Some people argue that the government should not intervene in the case of a market failure because the government itself is inefficient and will simply create new problems to replace the ones it is...
-
Juno Manufacturing Ltd. is considering replacing its existing equipment with an automated machine for $133,950. Juno depreciates its capital assets using the straight-line depreciation method. Juno...
-
In analyzing capital budgeting decisions, a number of methods are commonly used. Which of the following methods does notinvolve the measurement of cash flows? a. Internal rate of return method b. Net...
-
Juno Manufacturing Ltd. is considering replacing its existing equipment with an automated machine for $133,950. Juno depreciates its capital assets using the straight-line depreciation method. Juno...
-
A consultant advises that a fund pays out $100,000 at the end of 5 years. Provided $12,000 is invested in the fund at the start of each year, beginning immediately and continuing up to and including...
-
Durco Automotive needs a $2 million balance in its contingency fund 3 years from now. The chief financial officer (CFO) wants to know how much to deposit now into Durco's high-yield investment...
-
3. Create a chart for gross margin less R&D and capital costs calculations. a. Calculate gross margin less R&D and capital costs for options A and B. b. Graph total gross margin less R&D and capital...
Study smarter with the SolutionInn App