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The SuperFlyer Corporation is developing revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by itself. However, this disc will also eturn to the owner in response to his or her voice! Because this is an advance over anything that this company has done before, estimating the mount and cost of the hi-tech materials is difficult. The project manager recommends using a range estimating process to develop an estimate. The values below are submitted by the project team.
Current estimates for cost of material are as follows.
Optimistic cost of smart resin:
$5.00
per lb
Most likely cost of smart resin:
$6.00
Pessimistic cost of smart resin:
$7.50
Current estimates for total material requirements are as follows.
Optimistic quantity
20 lb / 100 units
Most likely quantity
25 lb / 100 units
Pessimistic quantity
35 lb / 100 units
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