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Yes. True
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What is a estimation?
an estimation is an educated guess as to the cost of a certain procedure or product.
What is the simplest method to measure a linear cost function from past data?
high-low method
How do you use the word estimation in a sentence?
By one estimation, several hundred gallons of oil leaked into the lake. Estimation can often provide an approximate number, rather than an exact number.
What is the formula for calculating liquor cost using the purchase method?
NO
What is the noun form of word estimate?
The word estimate is a noun form as a word for a rough or approximate calculation; a statement of the probable cost for a job; a judgment of the worth or character of someone or something; a word for a thing.The noun forms of the verb to estimate are estimation and the gerund, estimating.Example: His estimation for the job was far to high.
Can one cost estimation method can be used in combination with another method?
Yes. True
One cost estimation method can be used in combination with another method.?
Yes. True
Software Estimation Method - Comparison?
estimation is all about Size and scope Effort Time Schedule and Cost. for a s/w development process. Satyajit Kumar Sethy(Wipro Technology)
Difference between pre-feasibility and feasibility?
The most difference is on cost estimation. In PreFS, cost estimation is based on assumptions while cost estimation in FS is normally based on vendors' offers/proposals, at least for expensive price equipment/materials.
What is a estimation?
an estimation is an educated guess as to the cost of a certain procedure or product.
Scientists use many methods to determine the size of a population Which method is best for extremely large populations?
For extremely large populations, the best method to determine size is often statistical sampling. This involves taking a representative sample of the population and using statistical techniques to estimate the full population size. This method is efficient and cost-effective for large populations.
Why cost estimation is important for project management?
Cost estimation is important because each project has the risk of added costs that weren't consider up front throwing the project into a state where you may not have the budget required to continue working on the project. The cost estimation should include the initial assessment plus % available for added costs.
Full form of cocomo?
COCOMO constructive cost estimation model
What is the difference between estimation and costing?
1,estimation is finding the cost before it has been actually manufactured. and costing is finding cost after manufacturing the product including the defect product cost. 2,estimation need high technical skills and knowledge hence its done by engineering department but costing need high accounting skills hence its usually done by Accountants or account departments 3,estimation foresee the probable cost and hence it can be used to decide whether one need to produce a particular product or not. or if its profitable or not costing helps to understand to what extent the estimation holds good also when and where it fails
What is High-low method of variable cost and fixed cost?
High and low method is the method for separating fixed cost and variable cost from mixed cost.
What is the different between estimation and budget?
estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.
Define estimation and explain its method?
ADD NYO KO SA FRIENDSTER AND YM panes_cheska@yahoo.com # to form an opinion or judgment about # to judge or determine generally but carefully (size, value, cost, requirements, etc.); calculate approximately
