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Parametric estimating is an estimating technique that uses a statistical relationship between historical data and other
variables, such as square footage in construction and lines of code in software development for calculating an estimate for
activity parameters, such as scope, cost, budget, and duration. Parametric estimating can produce higher levels of accuracy
depending
Q.3: 1. what aspects of capital budgeting must be considered while selecting a project?
2. Suppose an investment requires an initial outlay of $5 million and has expected the cash flow of $1 million, $3.5
million, and $2 million for the first three years.
a. Calculate:
Q5. 1. Determine the average amount of bricks laid over a six-month period by 1 bricklayer. Collected
information on the amount of bricks laid per month:
January 21,000
February 23,500
March 22,000
April 24,000
May 26,000
June 25,000
2. Consider the sales figures of the Bricklayer Company over the period of 6 months, as shown in the
table:
Month No of Sales
January 20
February 20
March 16
April 20
May 21
June 27
Determine the average amount of bricks laid over a six-month period by 1 bricklayer.
Consider the sales figures of the Bricklayer.
Answer:
1. Mean = 21,000 + 23,500 + 22,000 + 24,000 + 26,000 + 25,000 = 141500
The total number of mean values = 6
Mean =141500/6 =
Q.6: What are the steps that should be followed to construct a house of quality?
(Explain the 5 steps that should be followed to construct a house of quality) 10
Answer:
Explain the 5 steps that should be followed to construct a house of quality:
The following steps need to be followed to construct a house of quality:
Step-1 Voice of the customer: This step includes determining and identifying the customers needs. The main objective
of this step is to translate the needs of every customer into engineering specifications. Customers buy products that have
the desired