Use the Table for the Question(s) Below

question 70

Multiple Choice

Use the table for the question(s) below.
Consider the following two projects:

-The payback period for project beta is closest to:

• A) 2.9 years
• B) 3.1 years
• C) 2.6 years
• D) 3.2 years

---

Definitions:

Confidence Interval

A confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.

Standard Deviation

A statistical measure of the dispersion or spread of data points in a data set, indicating how much the individual data points differ from the mean.

Population Mean

The average of a set of characteristics or numbers in the entire population.

Standard Error

A statistical measure that describes the accuracy with which a sample distribution represents a population using standard deviation.