When a Competent Feasibility Study Has Been Done by a New

question 7

Multiple Choice

When a competent feasibility study has been done by a new business owner:

• A) demand after start-up is likely to be sufficient.
• B) starting a business from scratch is the most appropriate strategy.
• C) some uncertainties will always remain.
• D) it is possible to eliminate uncertainties.

Understand the difference-in-difference approach and its application in comparing performance metrics across different conditions or time periods.

Identify the considerations of representativeness and leakage in experimental design and their implications.

Recognize the concepts of "false positive" and "false negative" in hypothesis testing.

Learn how to calculate the difference-in-difference estimates and interpret their results in real-world scenarios.