Answer the following: Use a data table to determine the range of costs you might encounter when it is time to purchase the item and install it.
You are the proposal manager for an opportunity to design and build a new assembly line for the production of artificial heart valves. A required equipment item is a 3-D X-ray inspection system.
You have discussed purchase of the equipment with management, and their preference is to purchase the item as the assembly line is nearing completion (potentially up to 6 months away). You can use a rough estimate for the bid but would like to know the cost range you could anticipate in order to quantify project risk. The current price of the system is $75,500.00, and the current cost for installation is 15% of the purchase price. Price could vary by as much as +/- 10%, and installation may vary by +/- 5%, although the prices have not varied by that much in the past 6 months.
Answer the following:
Use a data table to determine the range of costs you might encounter when it is time to purchase the item and install it.
Please include excel formulas if possible
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