Most of the economic values we use in our evaluation of engineering projects are
A)precise and very descriptive.
B)approximate.
C)based on robust statistical estimation.
D)derived from natural experiments.
E)results of precise statistical surveys.

Question

Quizplus · Accepted Answer

Most economic values used in engineering project evaluations are approximate because precise values are often difficult to obtain due to the uncertainties and variabilities in economic factors.

Most of the Economic Values We Use in Our Evaluation