The First Step Entrepreneurs Should Take Before Starting a Crowdfunding

question 17

True/False

The first step entrepreneurs should take before starting a crowdfunding campaign is to begin manufacturing the product.

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Definitions:

Random Variable

A variable that can take on numerical results from a random event or experiment.

Standard Deviation

An indicator of the spread of a dataset relative to its mean, used to quantify the degree to which individual data points differ from the average.

Monthly Production

The total output or production of a manufacturing process or facility in a single month.

Probability Distribution

Describes how the values of a random variable are distributed, showing the probabilities of different outcomes occurring.