Project managers must take cost estimates seriously if they want to complete projects within budget constraints. It is therefore, important to know the types
of cost estimates, how to prepare cost estimates, and typical problems
associated with cost estimates. Describe three types of estimate when and
why done.

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The volume v and paper surface area a of a conical paper cup are given by where r is the radius of the base of the cone and h is the height of the cone. a. by eliminating h, obtain the expression for a as a function of r and v. b. create a user-de ned function that accepts r as the only argument and computes a for a given value of v. declare v to be global within the function. c. for v ! 10 in.3 , use the function with the fminbnd function to compute the value of r that minimizes the area a. what is the corresponding value of the height h? investigate the sensitivity of the solution by plotting v versus r. how much can r vary about its optimal value before the area increases 10 percent above its minimum value?

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