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Discuss the Advantages of Sole Proprietorships

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Discuss the advantages of sole proprietorships.


Definitions:

Sample Mean

The average value calculated from a sample of data, representing the central tendency of the sample.

Population Standard Deviation

A measure of the dispersion or variability in a population data set.

Confidence Interval

A range of values, derived from sample data, that is believed to contain the true population parameter with a certain level of confidence.

Sample Mean

The mean of all data points within a sample, utilized to approximate the mean of the entire population.

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