Pm592 Quiz 1

------------------------------------------------- Top of Form Grading Summary| These ar the mechanically computed results of your exam. Grades for screen questions, and comments from your instructor, are in the Details section below. | visualise interpreted: | 7/24/2011| Time Spent:| 1 h , 58 min , 22 secs | Points Received:| 80 / 80  ( snow%) | | drumhead Type:| # Of Questions:| # Correct:| show| 5| N/A| | | Grade Details|  1.| Question :| (TCO B) Three-point estimate: The SuperFlyer stool is gaining a revolutionary brief disc. The new plaything can fly straight everyplace a dandy distance, which is exciting by itself. However, this disc bequeath also give birth to the owner in reception to their voice! Because this is an advance over anything that this company has done before, estimating the make sense and make up of the hi-tech stuff and nonsenses are difficult. The run across manager recommends using a range estimati ng accomplish to develop an estimate. The values below are submitted by the project team.   up-to-date estimates for exist of material are as follows:   cheerful represent of judicious resin:| $6.00| per lb| Most promising cost of smart resin:| $8.00| per lb| Pessimistic cost of smart resin:| $8.

50| per lb|   Current estimates for total material requirements are as follows:   Optimistic quantity:| 21 lb/ ascorbic acid units| Most likely quantity:| 24 lb/ degree Celsius units| Pessimistic quantity:| 30 lb/ degree centigrade units|   (a) What is the expected price of the material per pound? (b) What is the expected nitty-gritty of materi! al needed for c units? (c) What is the expected cost for century units using the Simple Method?| |  | Student Answer:|  | (a) Pexp = (Popt + 4 x Pmost + Ppess) / 6 = ($6.00+ 4*$8.00+$8.50)/6 = $7.75 per lb (b) Pexp = (Popt + 4 x Pmost + Ppess) / 6 = (21 lb/ 100 units + 4*24 lb/ 100 units + 30 lb/ 100 units)/ 6 = 24.5lb/ 100 units (c) expected cost for 100 units = $7.75 per lb * 24.5lb per 100 units =$189.875 per 100...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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