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An Architect Estimates a Bid of 175,600175,600 the Maximum Rate Above the Estimate Is

question 148

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An architect estimates a bid of $ 175,600175,600 . The maximum rate above the estimate is 77 %. Find the maximum acceptable bid.


Definitions:

Confirmation Bias

The inclination to view new information as support for one's pre-existing opinions or hypotheses.

Fallacy of Popular Appeal

A logical fallacy that argues something is true because it is widely believed or accepted by many people.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth through the process of natural selection and genetic variation.

Earth is Flat

A debunked belief that the Earth's shape is a plane or disk, contrary to overwhelming scientific evidence of its roundness.

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