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Alex and Patty Webb Launched a Firm Several Years Ago

question 30

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Alex and Patty Webb launched a firm several years ago and have been particularly successful in introducing new products to the marketplace. One thing that Alex and Patty are particularly good at is translating their thoughts, creativity, and imaginations into products that reach the marketplace. The ability to make this happen is most closely related to which of the following characteristics of successful entrepreneurs?


Definitions:

Dependent Variable

In statistical modeling and experiments, it is the variable assumed to depend on one or more independent variables.

Variables

In research, variables are any characteristics, numbers, or quantities that can be measured or controlled.

Interval Variables

Variables that have measurable distances between the values they can take, but no true zero point, allowing for the quantification of differences between values.

Scatter Diagram

A graph used to illustrate the relationship between two variables by displaying points that each represent an observation.

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