Sensitivity Analysis Helps You Determine The

question 321

Multiple Choice

Sensitivity analysis helps you determine the:

• A) Range of possible outcomes given possible ranges for every variable.
• B) Degree to which the net present value reacts to changes in a single variable.
• C) Net present value given the best and the worst possible situations.
• D) Degree to which a project is reliant upon the fixed costs.
• E) Level of variable costs in relation to the fixed costs of a project.

Distinguish between different types of probability distributions and identify situations where a normal distribution is applicable.

Apply the properties of the standard normal distribution to solve problems.

Compute critical values and probabilities for standard and non-standard normal variables.

Understand and apply the concept of variance and standard deviation within the context of the normal distribution.

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Definitions:

Appropriation

involves the adoption of elements from one culture by another, often without permission or acknowledgment of the original source.

Self-Centering

The practice or tendency to focus on oneself and one's own needs, often at the expense of others.

Adaptation

The process of adjusting or changing to fit new conditions or environments, often through learning or evolution.

Information Triage

The process of prioritizing information based on urgency and importance, to efficiently manage and respond to data.