1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alisha [4.7K]
1 year ago
10

Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other proj

ect parameters?
Business
1 answer:
VashaNatasha [74]1 year ago
3 0

Parametric estimation is a  techniques that uses a statistical relationship to calculate cost or duration based on historical data and other project parameters

Parametric estimation is a quantitative method (statisitical relationship) used to estimate the project cost, resources, and duration based on historical data and other project parameters.

Parametric estimation models are used when:

  1. There is precedent
  2. The model is a unit hence can be scaled up
  3. The parameters required are easily quantifiable

While the other options of this question is incorrect because:

b. grass roots estimating

Cost estimation done by the individuals who will be performing the task being estimated.

c. empirical estimating

Estimation method in which the data is obtained using empirical formulas. It is usually based on an amalgamation of historical data, assumptions, guesses, and personal experience.  

d. analogous estimating

Also called top-down estimating, this is a technique that involves comparing previous projects, personal experiences and cursory cross-referencing observed costs to estimate time resources required. This technique is most useful in the absence of quantifiable data.

You can learn more about project estimation at

brainly.com/question/24322317

#SPJ4

You might be interested in
Which describes the liability of an owner of a sole proprietorship?
Vanyuwa [196]
Unlimited


hope this helps
3 0
3 years ago
Read 2 more answers
Use the following information to answer the next question. Total Asset = $40 million Depreciation = $1.0 million. Basic earning
Marizza181 [45]

Answer:

a. $8.0 million; $1.22 million

Explanation:

The computation is shown below:

As we know that

Basic earnings power = EBIT ÷ total assets

So,

EBIT = Basic earnings power × total assets

= 0.20 × 40 million

= $8 million

Now

Times interest earned = EBIT ÷ interest expense

So,  

Interest expense = EBIT ÷ Times interest earned

= $8 million ÷ 6.55

= $1.22 million

5 0
3 years ago
What is the main difference between regular work hours and overtime​
Rina8888 [55]

Answer:

regular work hour- employee are expected to on the basis of their employment contract.

overtime- hours worked exceed normally scheduled working hours.

3 0
2 years ago
Hitzu Co. sold a copier (that costs $4,800) for $6,000 cash with a two-year parts warranty to a customer on August 16 of Year 1.
den301095 [7]

Answer:

warranty expense = $240

estimated warranty liability = $240

Explanation:

There is no option on the customer to take the warranty or not. Therefore this type of warranty is known as an Assurance type warranty.

Assurance type warranties are accounted for terms of IAS 37 - Provisions as follows ;

Year 1

Warranty expense $240 (debit)

Warranty Provision $240 (credit)

<em>Warranty Amount = $6,000 × 4% = $240</em>

Year 2

<em>When warranty claim is subsequently received</em>

Warranty Provision $209 (debit)

Materials $209 (credit)

7 0
3 years ago
Garcia Company issues 10%, 15-year bonds with a par value of $230,000 and semiannual interest payments. On the issue date, the a
Nesterboy [21]

Answer:

A.$269,675

B.$305,325

C.$10,787

Explanation:

Requirement A Cash proceeds

Cash proceeds can find out by multiplying par value with the selling price

Cash proceeds = Par Value x Selling price

Cash proceeds = $230,000 x 117.25%

Cash proceeds = $269,675

Requirement B Interest Expense

Bond interest expense =Total repayment -Amount borrowed(REQ.A)

Bond interest expense = $575,000(w) - $269,675

Bond interest expense = $305,325

Workings

Semi-annual interest expense =  $230,000 x 10% x 6/12

Semi-annual interest expense = $11,500

Total payment would be 30 for 15 years

Total payment = $11,500 x 30

Total payment = $345,000

Total repayment = Par value + $345,000

Total repayment = $230,000 + $345,000

Total repayment = $575,000

Requirement C Bond interest expense on the first interest payment date

Bond interest Expense = $269,675(REQ.A) x 8% x 6/12

Bond interest Expense = $10,787

6 0
2 years ago
Other questions:
  • Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
    10·1 answer
  • Which of the following securities could NOT have any benefits for diversification with your investment portfolio? a.Treasury bil
    6·1 answer
  • Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas?
    10·1 answer
  • In emerging industries _________. a. product-differentiation efforts are focused on product refinement as a basis of product dif
    14·1 answer
  • How can you best uncover challenges and constraints that employees deal with in their daily work.
    14·1 answer
  • Allocative efficiency is concerned with:
    14·1 answer
  • Jason is an author who works for a variety of publishing companies. One of them recently informed him that they will no longer b
    9·1 answer
  • Coffee to
    15·1 answer
  • 3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibil
    10·2 answers
  • The pay rates in the organization may not match the pay structure in the market when a company sets its pay rates based strictly
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!