0
When you are estimating, you're making an educated "guess". For example, if there's water in a cup, you see that the water is clearly between 300 mL and 310 mL, so an estimation would be anything in between those two values.
When you are guessing, you have no foundation to base it on. For example, lets take the water in the cup again. W/o looking at the measurements at all, with no knowledge you make the statement: The cup has about 1000mL of water.
Add your answer:
Earn +20 pts
What te difference abilities between males and females in estimating an object's size?
I' m also finding the answer pf this question, by the way, are you from GAC center?
What is the difference between statistics and parameter?
What is the difference between statistics and parameter
Estimating Software?
Estimating Software Can Save Time And Money Businesses predicated upon project work find estimating software a valuable time saver. Estimating software is available as part of regular modules within most accounting software such as Peachtree or Quickbooks. In departments where estimating is the chief responsibility it may be necessary to consider installing estimating software to hasten the pre-project cost analyses as well as costs for time, labor and parts. Small businesses as well as large operations where accounting transactions occur frequently benefit from estimating software. It’s infinitely easier to assess costs of various parts for mechanical inventories and mechanical installation projects with the use of estimating software. Examples Of How Estimating Software Works One example of how estimating software is a necessity is in engineering projects. Most engineering projects begin with estimating the cost of design, installation, equipment, parts, labor and time. This is done by estimators whose duty it is to research all of these costs, create a template in an estimating software environment and produce a estimated report of the total cost of the project. Another example of estimating software use is in small laboratories where testing is done. In these cases estimating software track costs of chemicals for testing, labor and time as well as tabulate the impact on overhead. The Final Stages of Good Estimating Software In its most useful final stage in the estimating process, estimating software has one other significant value: cost comparisons from one project or transaction to that of others. In instances where projects or business transactions are similar, estimating software tracks increases or reduction in costs that make it easier to identify budgetary impact. In large engineering projects, estimating is essential to maintain true cost of parts and labor from one project to the next. It just makes good sense to evaluate the need for estimating software as it pertains to the specifics of each business. For new businesses, estimating software is crucial to defining project costs vs. actual costs. Estimating Software And Internal Cost Accounting Internal cost accounting requires a tracking of estimated costs for projects or regular transactions of business to produce a clear representation of profit and loss.
What is the difference between OLAP and data mining?
difference between Data Mining and OLAP
What is the difference between the population and sample regression functions Is this a distinction without difference?
What is the difference between the population and sample regression functions? Is this a distinction without difference?
Is measuring the same as estimating?
No. Measuring is getting an exact length. Estimating is guessing what the length is
How is estimating and guessing similar?
assads sdfs efedf
What does estimating quotients in math mean?
Guessing the answer in a division problem.
Is there a place for guessing in a mathematics course?
Yes when estimating or using probability.
What is the difference between exact and estimate?
clear number and guessing
What is a antonym for calculations?
conjecture, guesstimationopposite of calculating is guessing or estimating ^^
What is it called when you make a rough measurementby guessing?
It is to estimate the measurement roughly.
What is a prediction summary?
A prediction summary is something where you are estimating or guessing what it is, but summing it up in a few sentences.
What is the difference between producersconsmers?
Im guessing you mean the difference between producers and consumers. Producers make a product or give a service, and consumers purchase, a service or product.
What is the answer to 732-328 by estimating the difference?
It is 730 - 330 = 400.
What te difference abilities between males and females in estimating an object's size?
I' m also finding the answer pf this question, by the way, are you from GAC center?
Explain the difference between activity duration estimating and estimating the effort required to perform an activity?
Activity duration estimating involves determining the amount of time an activity will take to complete, considering factors like resources, dependencies, and constraints. Estimating the effort required to perform an activity, on the other hand, focuses on quantifying the work or labor needed to complete the activity, taking into account skill levels, complexity, and potential risks. In essence, duration estimating is about time, while effort estimating is about the work involved.
