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Which of these estimates should be the most accurate?

a. Parametric
b. Definitive
c. Comparative
d. Order of magnitude

User Rzajac
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2 Answers

5 votes
b. Definitive.

Definitive estimates are typically the most accurate as they involve detailed and precise information, often based on actual costs and specific project details.
User Jhasse
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Final answer:

The most accurate type of estimate is definitive, which provides detailed and precise data compared to other methods such as parametric, comparative, and order of magnitude. In physics, analytical methods often offer more accuracy than graphical estimation due to the precision of mathematical calculations.

Step-by-step explanation:

The question is asking to identify the most accurate type of estimate. The options are parametric, definitive, comparative, and order of magnitude. The most accurate estimate among these is typically a definitive estimate.

A definitive estimate, also known as a bottom-up estimate, is the most detailed and accurate. It is based on detailed information and precise data about the resources and conditions of the project. In contrast, parametric estimation uses statistical modeling and historical data, comparative estimation draws from similar past projects, and order of magnitude is a rough estimate that can be off by a large factor.

An example of the accuracy of different estimating methods is when comparing graphical methods to analytical methods in physics problems. For instance, determining values from a Pressure-Volume (P-V) graph may be less accurate compared to calculations based on precise equations and measurements.

User ChronoPositron
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