using RStuido, The cell phone bill varies from month to month. Suppose that your bills had the following monthly amounts last year: bill = c(46, 33, 39, 37, 46, 30, 48, 32, 49, 35, 30, 48) Run the following calculations, and explain its result: range(bill) range(bill)[2] - range(bill)[1] How many months was the amount greater than $40? What percentage was this?

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Payback Period

Payback period analysis is a method used to determine the relative time value of a project. It measures the time that a project will take to return its initial investment. The total time taken by the project to return the initial investment made for the project is called the payback period.