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8 Sep
2019

Project Management Question | Good Grade Guarantee!

Project Management Question:
Suppose we have collected the following cost and performance data on rocket motors for missile propulsion systems.
Establish a cost estimating relationship (CER) between cost & thrust and establish a CER between cost & length.
Which one looks to be the better CER?
Cost ($)
Thrust (pounds)
Length (inches)
33,003
1,000
36
34,712
1,200
40
27,253
500
24
39,767
2,000
42
51,093
5,000
62
62,073
10,000
98
36,818
1,500
40
79,466
25,000
124
68,628
15,000
78

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