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Discussion

The purpose of stating an estimate's accuracy class is to

  • A.protect the estimator from criticism
  • B.satisfy a statutory reporting requirement
  • C.allow the figure to be escalated later
  • D.tell the reader how much weight the figure will bear

Answer: D

A number quoted without its class invites the reader to treat a screening figure as a budget. Saying plus or minus forty per cent alongside it is what makes the estimate honest and useful, and it is the single most important convention in the subject.

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