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According to the Empirical Rule, If the Data Form a "Bell-Shaped

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According to the empirical rule, if the data form a "bell-shaped" normal distribution, percent of the observations will be contained within 3 standard deviations around the arithmetic mean.


Definitions:

Budgetary Limit

The maximum amount of money allocated for a specific purpose in a budget.

IRRs

The Internal Rate of Return is the discount rate at which the net present value of all cash flows from a specific project is zero.

NPV

Net Present Value, a calculation used to determine the present value of a series of future cash flows by discounting them at a specific rate.

Cash Flows

The total amount of money being transferred into and out of a business, particularly concerning its operating, investing, and financing activities.

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