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52 views

Questions

Questions

Uploaded by

Basit Anwar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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CE

E-591 Cost Engineering and Control


Questions (Forecasting)
Example 1
A labor survey is conducted for area contractors, and the following wage groupings and their frequency of
occurrences are found. Sketch the frequency distribution, relative frequency curve and cumulative
frequency curve.

Example 2
Find the mean, median, mode, range, standard deviation and variance for the following set of data.
(a) 3,5,2,6,5,9,5,1,7,6
(b) 41.6, 38.7, 40.3, 39.5, 38.9
(c) 2, -1, 0, 4, 6, 6, 8, 3, 2
Example 3
Determine the least square equation for the following data. Predict the value of index (y) in year 15.

Example 4
Assume that we have five sets of separate experiences, or the unit number produced x and the man hours
y, to construct a product. Use the following observations to develop model using Power Equation Model.
Also estimate man-hours
hours for 350 units.
X

Y (103) Man-hours

10

510

30

210

100

190

150

125

300

71
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Example 5
Find the correlation
rrelation of the following data (from example 3). (Hint: use the calculations done for example
3)

Example 6
Construction of a 700,000-ft2 warehouse is planned for a future period. Several years ago a similar
warehouse was constructed for a unit estimate of $162.50 when index was 118. The index for the
construction period is forecast as 143. Forecast the construction cost per ft2 .
Example 7
A construction firm uses indices to estimate the cost of concrete forms. Material quantities, labor manman
hour data and material unit costs have been gathered for three periods, and are given in the following
table.
(a) Find the indices for the three perio
period and determine index for the period 4
(b) An actual job cost is $175,000 during period 1. A new job that is similar to the job during period 1 is
to be estimated for period 4. Calculate the future cost for period 4.

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Example 8
An assembly called 10-cm disk amplifier was constructed during period 0 but the cost tracking of the
selected items has continued. The prices are gathered over 4 years as shown in the following table.
Determine the composite index

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