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Earn +20 ptsQ: What are the objectives of cost estimation?
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What is a estimation?
an estimation is an educated guess as to the cost of a certain procedure or product.
Can one cost estimation method be used in combination with another method?
Yes. True
What is approximate estimation?
If an estimation, or estimate, is a guess, an approximate estimation is a rougher guess.
Why use estimation?
Estimation is a quick of working out roughly what the answer is
How is rounding related to estimation?
Rounding is a form of estimation.
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