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The rationale for not including sunk costs in capital budgeting decisions is that they:
Central Tendency
Statistics referring to the middle or typical value within a dataset, represented by measures such as mean, median, and mode.
Mean
The arithmetic average of a set of numbers, calculated by adding all the numbers together and dividing by the count of those numbers.
Median
A statistical measure representing the middle value in a sorted, ascending or descending, list of numbers.
Mode
The value that appears most frequently in a given set of data, or a specific way or manner in which something occurs or is experienced.
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