The Salvage Value of New Equipment Should Be Considered When

question 5

True/False

The salvage value of new equipment should be considered when using the internal rate of return method to evaluate a project.

---

Definitions:

Independently

Without being influenced by others or by external factors; in statistics, refers to events that have no effect on the likelihood of other events occurring.

Sampling Distribution

The calculated probability distribution relevant to a specific statistic, achieved by random sampling.

Sample Mean Difference

The difference between the average values of two samples drawn from a population.

Populations

The entire pool from which a statistical sample is drawn and to which inferences are aimed in statistics.