Rubin's Day-To-Day Job as a Business Owner Involves Identifying Opportunities

question 4

Multiple Choice

Rubin's day-to-day job as a business owner involves identifying opportunities for which marketable ideas exist and assuming the risk to make these ideas happen. Rubin can best be described as a/an ______.

• A) innovator
• B) marketer
• C) entrepreneur
• D) small business manager

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Definitions:

Bayesian Statistics

Statistics that involve a formula for calculating the likelihood of a hypothesis being true and meaningful, taking into account relevant prior knowledge.

Mathematical Statistics

A branch of mathematics dealing with the analysis, interpretation, presentation, and organization of data using statistical theories and methodologies.

Inferential Statistics

Statistical methods that allow researchers to make inferences or generalizations about a population based on a sample.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.