Find the Absolute and Relative Errors $- 1.6$ Miles $\text { relative error: }-4.8 \%$

question 60

Multiple Choice

Find the absolute and relative errors.
-The true distance from your home to your office is 33.5 miles but your odometer reads 35.1 miles.

• A) absolute error: \(- 1.6\) miles
• \(\text { relative error: }-4.8 \%\)
• B) absolute error: \(1.6\) miles
• relative error: \(4.6 \%\)
• C) absolute error: \(1.6\) miles
• miles relative error: \(0.5 \%\)
• D) absolute error: \(1.6\)

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Definitions:

Net Present Value (NPV)

A method used in capital budgeting to evaluate the profitability of an investment or project, calculated by summing the present values of incoming and outgoing cash flows over the life of the investment.

Working Capital

The measure of a company's liquidity, efficiency, and its short-term financial health, calculated as current assets minus current liabilities.

Externalities

Costs or benefits that affect parties who did not choose to incur that cost or benefit, often related to environmental, public health, or economic activities.

Net Present Value (NPV)

A calculation used to assess the profitability of an investment, measuring the difference between the present value of its cash inflows and outflows.