In Order to Calculate the __________ of an Array of Values

question 17

Multiple Choice

In order to calculate the __________ of an array of values, the array values must first be summed.

• A) Average.
• B) Minimum.
• C) Maximum.
• D) Distribution.

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Definitions:

Mutually Exclusive

Events or choices that cannot occur at the same time, requiring a selection to be made between them.

Payback Period

The duration of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment, essentially measuring how quickly the investment can be recouped.

Time Value

The concept that money available now is worth more than the same amount in the future due to its potential earning capacity.

Payback Period

The time required for an investment to generate cash flows sufficient to recoup the original investment cost.