Which of the Following Statements Is Correct Regarding Entrepreneurial Activity

question 19

Multiple Choice

Which of the following statements is correct regarding entrepreneurial activity and age ranges?

• A) The highest percentage of entrepreneurs falls in the 20 to 34 age range.
• B) The highest percentage of entrepreneurs falls in the 45 to 54 age range.
• C) The highest percentage of entrepreneurs falls in the 35 to 44 age range.
• D) The highest percentage of entrepreneurs falls in the 55 to 64 age range.
• E) The highest percentage of entrepreneurs falls in the 60⁺ age range.

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Definitions:

Sample Sizes

Sample sizes refer to the number of observations or units chosen from a population for the purpose of statistical analysis.

Normal Approximation

Normal approximation is a statistical technique that involves using the normal distribution to approximate the distribution of sample means or sums, especially useful for large sample sizes.

Standardized Test Statistic

A measure used in statistical hypothesis testing, indicating how far a sample statistic deviates from its null hypothesis expected value, typically expressed as a z-score.

Two-Tail Test

is a statistical test that considers extreme values in both tails of the distribution to test for a non-specific alternative hypothesis.