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What are the advantages of the net present value technique?
Simple Random Sample
A simple random sample of size n from a finite population of size N is a sample selected such that each possible sample of size n has the same probability of being selected.
Probability
An indicator of the probability that a particular event will take place, represented by a numerical value ranging from 0 to 1, with 0 meaning the event cannot happen and 1 meaning the event is certain to happen.
Population
Every individual or item under consideration in a statistical evaluation.
Probability Distribution
A mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.
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