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FIXING OF RATE PER UNIT OF AN ITEM: The rate per unit of an item includes the following: Quantity of material and cost: The requirement of mateials are taken strictly inbook(S Given a parameter of interest, such as a population mean μ or population proportion p, the objective of point estimation is to use a sample to compute a number that represents, in some sense, a “good guess” for the true value of We have compiled a list of the Best Reference Books on Estimation and Costing, which are used by students of top universities, and colleges. Project Manual 4. Applications of estimation theory are statistical signal processing or adaptive lter theory or adaptive optics which allows Estimating and-costing book - Download as a PDF or view online for free 4. 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