Describe the Experiments Rent the Runway's Founders Conducted to Verify

question 48

Essay

Describe the experiments Rent the Runway's founders conducted to verify their idea even before building out their website and operations model.

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Definitions:

Median Age

The age that divides a population into two numerically equal groups; half the people are older than this age and half are younger.

Probability

The likelihood or chance of an event occurring.

Randomly Selected

Chosen in such a way that every member of a population has an equal chance of being included in the sample.

Presidential Election

A presidential election is the process by which a country or a political entity elects the head of state or president.