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    Abnormally Low Bid Analysis Calculation Worksheet

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    Kennedy Harris
    This document provides a worksheet to analyze bids that are abnormally low. It lists 5 bids with their prices in millions of dollars, calculates the average price and the variance from the average for each bid. It notes that bids below the average minus the standard deviation would be considered abnormally low bids.

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    Abnormally Low Bid Analysis Calculation Worksheet

    Uploaded by

    Kennedy Harris
    26 views1 page
    This document provides a worksheet to analyze bids that are abnormally low. It lists 5 bids with their prices in millions of dollars, calculates the average price and the variance from the average for each bid. It notes that bids below the average minus the standard deviation would be considered abnormally low bids.

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    This document provides a worksheet to analyze bids that are abnormally low. It lists 5 bids with their prices in millions of dollars, calculates the average price and the variance from the average for each bid. It notes that bids below the average minus the standard deviation would be considered abnormally low bids.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    26 views1 page

    Abnormally Low Bid Analysis Calculation Worksheet

    Uploaded by

    Kennedy Harris
    This document provides a worksheet to analyze bids that are abnormally low. It lists 5 bids with their prices in millions of dollars, calculates the average price and the variance from the average for each bid. It notes that bids below the average minus the standard deviation would be considered abnormally low bids.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Abnormally Low Bid Analysis Calculation Worksheet

    Bids Price ($M) Variance Variance Square Standard Deviation


    (Price – Average)
    1 72
    2 92
    3 82
    4 101
    5 53
    Average 80 =

    NB: ALB region determinant: Average – Standard Deviation

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