What Does the Comparable Method Help an Entrepreneur to Do

question 49

Multiple Choice

What does the Comparable Method help an entrepreneur to do?

• A) Estimate project cost
• B) Research the industry
• C) Benchmark competitors
• D) Calculate operating expenses
• E) Validate projections

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Definitions:

Median

The middle value in a list of numbers arranged in ascending order, or the average of the two middle numbers if the list has an even number of items.

Central Location

A central or typical value for a probability distribution, often represented by the mean, median, or mode.

Measure

A quantitative indication or estimation of a variable's extent, size, amount, or degree.

Histogram

A graphical representation of the distribution of numerical data, often showing bins or intervals and the count of observations within each.