Use the Payback Decision Rule to Evaluate This Project; Should

question 111

Multiple Choice

Use the payback decision rule to evaluate this project; should it be accepted or rejected?

• A) 2.45 years, accept
• B) 2.83 years, accept
• C) 3.45 years, accept
• D) 3.83 years, reject

---

Definitions:

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, with a given probability.

Child Development

The physical, cognitive, social, and emotional changes that occur in humans from birth through late adolescence.

Average Age

The sum of the ages of all individuals in a group divided by the number of individuals, representing the central age of the group.

Parallel Structure

Repetition of a specific grammatical form within a sentence or series of sentences to create a sense of rhythm and balance.