AACE International Exam CCP Topic 4 Question 23 Discussion

Actual exam question for AACE International's CCP exam

Question #: 23
Topic #: 4

You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:

What is the median unit cost?

A$48.22

B$48.35

C$40.00

D$46.59

Show Suggested Answer

Suggested Answer: C

The median cost is found by ordering the unit costs and selecting the middle value. The ordered costs are:

$26.78, $34.50, $37.30, $40.00, $46.59, $55.00, $55.00, $65.00, $75.00

Since there are nine data points, the fifth value in this list is the median:

C . $40.00 is the median unit cost.

by Asarudeen at Feb 14, 2025, 05:29 PM

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