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(Solved): A construction cost index identified as CCX measures the construction cost in each state as a perce ...
A construction cost index identified as measures the construction cost in each state as a percentage of the national average. From historical data, you discover that the national average construction cost of middle schools is per student. (a) If the CCX index for Texas is 0.721 , what is the estimated cost of an 800 -student school? (b) What is the CCX index for California if an 800 -student school cost ?
Expert Answer
To evaluate the estimated cost of an 800 student school in Texas using the CCX index, we can multiply the national average cost per student by the CCX index for Texas.(a). Estimated cost of an 800 student school in Texas : Estimated cost = National...