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TABLE 2-13
Given below is the stem-and-leaf display representing the amount of detergent used in gallons (with leaves in tenths of gallons) in a day by 25 drive-through car wash operations in Phoenix.
9 | 1 4 7
10 | 0 2 2 3 8
11 | 1 3 5 5 6 6 7 7 7
12 | 2 2 3 4 8 9
13 | 0 2
-Referring to Table 2-13, construct a frequency distribution for the detergent data, using "9.0 but less than 10.0 gallons" as the first class.
Payback Period
The length of time it takes to recover the cost of an investment.
Net Present Value
A method used to evaluate the profitability of an investment or project, calculated by discounting future cash flows to their present value.
Rate of Return
The increase or decrease in value of an investment during a set timeframe, shown as a percent of the investment's original price.
Accelerated Depreciation
A method of depreciation in which an asset loses value faster in the initial years of its useful life, with decreased amounts in later years.
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