MrMarsh Has Received Criticism That His Most Recent Study Lacks

question 7

Essay

Mr.Marsh has received criticism that his most recent study lacks reliability.He is concerned on how he might might improve future studies.If he uses pilot versions of a measure,might it improve reliability? If not a pilot version,what else could he use? Discuss three other ways that he could improve reliability.

---

Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by calculating the present value of all future cash flows minus the initial investment cost.

Simulation Analysis

is a method used in risk management to model possible outcomes of a decision by manipulating variables within mathematical or computer simulations.

NPV Estimates

Projections or calculations of the Net Present Value for different investments or projects to aid in decision-making.

Simulation Analysis

A technique used to predict the outcome of a project or investment by running multiple simulations with various sets of assumptions.