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Pilot studies are important in order to do all of the following, EXCEPT:
Capital Investment
Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to boost its long-term revenue.
Qualitative Characteristic
A feature that defines or characterizes the quality of information in accounting and financial reporting, such as relevance or reliability.
Expected Value Analysis
A form of analysis that assigns likelihoods (probabilities) to various inputs, thus incorporating uncertainty directly into the output (answer).
Probabilities
A measure representing the likelihood or chance of certain events occurring, expressed as a number between 0 and 1.
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