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Essay

Krog'S Metalfab

Essay specific features

 

Issue:

Business

 

Written by:

Miguel G

 

Date added:

February 16, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 583

 

Was viewed:

2791 times

 

Rating of current essay:

 
Essay content:

Because of this, the insurance company should have not immediately settled for $254,000 and should have only offered $9,600 as their starting settlement offer. Krog’s got a very good deal here. The way that I figured out these numbers is by creating a regression to estimate the materials, labor, overhead, and I also created a model for overall cost estimation...
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The materials regression is a mixed cost model meaning that there are some fixed costs that we have but also have some variables costs that we are able to control based upon output. The R-square for this model is over 99% which is the goodness of fit which explains how well the model is able to explain the sum of the squared errors...
displayed 300 characters

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