Final answer:
To calculate the repair cost, you must identify the damaged system, extent of damage, labor rates, and parts needed. A sketch and statistical data might also be useful for context.
Step-by-step explanation:
To calculate the cost of repair, certain pieces of information are required. First, identify the system or object that needs repair and what is damaged. It's helpful to sketch the damage if possible. Next, ascertain what specific information is needed to determine the cost. This can include the extent of the damage, the type of materials needed for the repair, the labor rate (usually an initial fee plus an hourly rate), and any additional costs such as parts and taxes.
For example, the labor rate can significantly affect the overall cost, and this is often calculated as an initial amount plus an hourly fee. In certain situations, such as automotive repair, the manufacturer's specifications and the severity of the damage influence the cost. Statistical data, like learning that 90 percent of crash-tested cars had repair costs of $1,700 or less, can also provide context when considering repair costs.
In summary, the required information includes a detailed description of the damage, labor rates, parts needed, and potentially relevant statistical data that offers a benchmark for expected costs.