The internal rate of return stands for IRR
It is the interest rate (also known as the discount rate)
The IRR rule is used as a guideline for deciding whether to proceed with a project
ND-21-5-2023
To find the median, let's first arrange the observations in order:
3, 3, 4, 4, 5, 6, 8
Since there are 7 observations (an odd number), the median is the middle value, which is the 4th observation:
Class interval is the difference between the upper (or lower) limits of two consecutive classes.
It shows the width of each class in a frequency distribution table.
When there is a profit, the selling price (SP) is greater than the cost price (CP).
This means the seller sells the product for more than what it cost them to purchase or produce it, resulting in a profit.
A histogram visually shows the frequency distribution using bars representing intervals.
It helps to understand the distribution and spread of continuous data.
The cost price is the original price at which a product is purchased, excluding any markup or profit.
It represents the expense incurred by a seller to acquire the product before selling it to customers.
To determine the selling price, we can use the formula:
Selling Price = Cost of Goods Sold (COGS) + Gross Profit
In this case,
the COGS is RS 120
and the gross profit is RS 80.
So, the selling price would be:
Selling Price = RS 120 + RS 80
Selling Price = RS 200
"Astonished" and "Astounded" are synonyms, both describing a state of extreme surprise or amazement.
"Elegant" is an adjective used to describe something or someone as graceful
