Local government officials are reviewing the explicit costs for two proposed projects for the town’s main square. The proposed small stage for community events will cost $250,000 to build, while the proposed open-air art gallery will cost $300,000. These costs, however, are estimates. This means that
Answer
A
the officials made up the amounts without doing any research.
B
the community members may challenge the amounts for accuracy.
C
the projects might end up costing more or less than those amounts.
D
the officials can depend on the projects costing exactly those amounts.
Explanation
An estimate is an informed approximation, not a guaranteed final cost. The stage and gallery may therefore cost more or less than $250,000 and $300,000, respectively. Choice C correctly describes what it means for the costs to be estimates.
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