Examlex
Suppose a mechanic uses $150,000 of his own money to start a business. The rate of interest he could earn in a savings account is 1 percent, and the rate of interest he could earn by investing in bonds is 3 percent. What is the opportunity cost of capital when the mechanic uses his money to start his own business?
Mean Difference
The average difference between two sets of numerical data, often used in statistical analysis to determine the significance of results.
PHStat
An Excel add-in designed to perform statistical analysis specifically tailored to the needs of business and economics students and practitioners.
Success Rate
The proportion of attempts that result in success, often used in the context of projects, tests, or operations.
Orientation Program
A training and information session offered to new employees or participants to familiarize them with organizational policies, goals, and procedures.
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