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Well-controlled, standardized tests, such as the Wechsler scales, that use static testing as the method of administration are more accurate at making educational recommendations compared to tests using dynamic testing.
Probabilities
A measure representing the likelihood or chance of certain events occurring, expressed as a number between 0 and 1.
Uncertainty
A lack of definite knowledge or predictability about outcomes, often factored into decision-making and risk assessments.
Present Value Index
An index computed by dividing the total present value of the net cash flow to be received from a proposed capital investment by the amount to be invested.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of investments.
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