Estimate the variances what do they say about the health of, Econometrics

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Estimate the variances what do they say about the health of

A project to build a new taxiway at Culpepper Airport is 5 days behind at day 65. It had a planned cost of $735,000 for this point in time, but the actual cost so far is only $550,000. Estimate the variances. What do they say about the health of the project? Reestimate with an actual cost to date of $750,000

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