Use the Information Below to Answer the Following Question(s)

question 89

Multiple Choice

Use the information below to answer the following question(s) .
Miami Marine Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for the boats brought in for repair. The company has narrowed their choices down to two: the B14 Model and the F54 Model. Financial data about the two choices follows:

-The net present value of the F54 Model is closest to

• A) $21,930 negative.
• B) $38,455 positive.
• C) $178,070 positive.
• D) $218,070 positive.

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Definitions:

Within-subject Design

A research design where the same participants are subjected to each condition of an experiment, allowing comparison of their performance across conditions.

Experimental Condition

In research, this is the set of conditions applied to subjects that is manipulated by the researcher to observe its effects compared to a control condition.

Random Assignment

A method of assigning research participants to different groups using randomization, ensuring that each participant has an equal chance of being placed in any group.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.