Realistic Estimated Hours and Hourly Labor Rate for Each Person

question 52

True/False

Realistic estimated hours and hourly labor rate for each person or classification is included in the cost section.

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Definitions:

Midpoint

The middle point of a line segment, exactly equidistant from both ends.

Cumulative Percent Frequency

A measure used in statistics to describe the percentage of data points that fall within a certain category or below a specified value, accumulating from the start of the data set.

Total Number

The aggregate count or sum of all units or elements within a specified set or collection.

Data Set

A collection of related data points or values that have been gathered to be analyzed or used as a basis for decision-making.