A Basic Assumption of Most Cost Estimation Methods Is Cost

question 25

True/False

A basic assumption of most cost estimation methods is cost behavior patterns are linear within the relevant range.

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Definitions:

Denominator

The number under a division line in a fraction. The denominator is also known as the divisor.

Unknown Variable

A symbol in mathematics that represents a number or value which is not yet identified.

Formula

A mathematical relationship or rule expressed in symbols.

Determine

Involves making a decision or solving a problem based on available information or evidence.