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Randomization Is the Procedure in Which the Assignment of Subjects

question 22

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Randomization is the procedure in which the assignment of subjects and treatments to groups is based on some criteria.


Definitions:

Net Present Value

A valuation method that calculates the present value of expected future cash flows minus the initial investment cost.

Capital Investment Project

A project requiring significant amounts of capital for the purchase, improvement, or maintenance of long-term assets to generate future benefits.

Cash Flows

The sum total of currency transactions inbound and outbound in a firm, markedly affecting its cash-on-hand.

Present Values

The today's value of a sum of money or cash flows expected in the future, calculated using a designated return rate.

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