Define Descriptive Statistics

question 13

Essay

Define descriptive statistics.

---

Definitions:

NPV

Net Present Value, a financial metric used to analyze the profitability of an investment or project, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

Capital Budgeting

The process a business undergoes to evaluate potential major investments or expenses.

New Business Ventures

Initiatives or projects that involve starting a new business or expanding into new markets or products.

Equipment Replacement

The process of substituting old, worn-out, or obsolete equipment with newer, more efficient models or versions.