An Example of a Type B Startup Idea Is

question 58

Multiple Choice

An example of a Type B startup idea is

• A) a new microsponge technology allowing oils to be contained inside billions of microscopic sponges.
• B) a baby stroller that pushes more easily and is more difficult to overturn than previous designs.
• C) opening a new hamburger stand on the corner with no unique product differentiation.
• D) a new mail-order business selling a foreign-produced item never sold domestically before.

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Definitions:

Normal Model

A statistical representation where data points form a bell-shaped curve around the mean, indicating a normal distribution.

Cutoff Values

Specific points on a scale that separate data into distinct categories or groups for analysis.

Car Speeds

The velocities at which cars travel, usually measured in miles per hour (mph) or kilometers per hour (kph).

Middle 70%

Refers to the data range that encloses the central 70% of a distribution, often related to spread and central tendency.