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The Finding Approach to Idea Generation Assumes That Opportunities Already

question 66

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The finding approach to idea generation assumes that opportunities already exist independent of an entrepreneur.


Definitions:

Population Average

Refers to the mean value of a characteristic within a given population.

Confidence Interval

An array of numerical outcomes, taken from sample analysis, believed to encase the estimated value of a population variable.

Population Means

The average value of a given characteristic within a specified population.

Point Estimate

A single value or statistic calculated from a sample and used to estimate a corresponding population parameter.

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