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(Present value tables are needed.) Family Fun Park is evaluating the purchase of a new game to be located on its Midway. Family Fun has narrowed their choices down to two: the Wacky Water Race game and the Whack-A-Mole game. Financial data about the two choices follows. What is the total present value of future cash inflows from the Whack-A-Mole game?
Variance
A statistical measure of the dispersion of a set of data points in a data set.
Deviations
The differences between observed values and the average of those values within a dataset.
Mean
The arithmetic average of a set of numbers, calculated as the sum of all values divided by the count of values.
Sample Variance
A measure of the dispersion or variability of a sample dataset, representing how much the data points differ from the sample mean.
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