A Study of Two Types of Weed Killers Was Done

question 50

Multiple Choice

A study of two types of weed killers was done on two identical weed plots. One weed killer killed 15% more weeds than the other. This difference was significant at the 0.05 level. What Does this mean?

• A) The improvement was due to the fact that there were more weeds in one study.
• B) The probability that the difference was due to chance alone is greater than 0.05.
• C) The probability that one weed killer performed better by chance alone is less than 0.05.
• D) There is not enough information to make any conclusion.

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Definitions:

Internal Rate

Often refers to the internal rate of return (IRR), a metric used in capital budgeting to estimate the profitability of potential investments.

Payback Period

The length of time that it takes for a project to fully recover its initial cost out of the net cash inflows that it generates.

Salvage Value

The anticipated value of an asset at the conclusion of its effective life.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the strategic goals of an organization.