Question

Which of the following two are category of estimation mode?
1. High level
of
2. Low Level
3. Refined.
4. Detailed

Answer 1

(4)."Detailed" is the category of estimate model, The model after transforming the data distribution into an approximation normal.

Detailed category of estimate Model:

• Outliers and skewed distributions of time estimations are common in molecular clock investigations.
• In some situations, the model outperforms the mean or median in estimating the overall time of divergence.
• The Standard Parametric Mode (SPM) and the Robust Parametric Model are two very distinct techniques (RPM).
• These methods employ the probability density function of the approximated distribution to estimate.
• However, with tighter project budgets and timetables, as well as the high expense of construction litigation, there is more monitoring.
• Parties preparing schedule delay claims or requests for extensions of time should pay close attention to industry standards and peer validation of approved procedures.

Answer 2

Answer:

The correct answer is option 4. Detailed

Explanation:

• An estimation mode for any project work may be defined as the process of analyzing the quantities and costs of the different items required in connection with the work.
• Before starting any project, the owner of the project should have a thorough knowledge of the every thing related to work.
• The four category of estimation mode are:

1. Preliminary Estimate
2. Detailed Estimate
3. Quantity Estimate
4. Bid Estimate

Hence the correct answer is option 4. Detailed

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