You Have Been Asked to Estimate the Costs for a Project

question 1

Multiple Choice

You have been asked to estimate the costs for a project to build an industrial power plant.Based on historical data,the steam turbine accounts for 30 percent of the total costs for the plant.If the steam turbine costs $300,000,the expected top-down estimated cost for this project would be __________.

• A)$10,000
• B)$100,000
• C)$900,000
• D)$1,000,000

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Definitions:

Rating Scales

Tools used to measure or assess the degree or intensity of various attributes, such as symptoms, feelings, or perceptions.

Totally Objective

An approach or viewpoint that is completely unbiased and not influenced by personal feelings or opinions.

Standardized Format

A consistent and uniform style or structure used in the creation of documents, procedures, or data to ensure compatibility and comparability.

Minnesota Multiphasic Personality Inventory (MMPI-2)

A standardized psychometric test of adult personality and psychopathology used to identify psychological conditions.