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Mc-King Chicken
Brian decided to open a local franchise of the well-known Mc-King Chicken, a fast-food restaurant. Before he took the initiative to open the franchise, he tried to weigh all the advantages and disadvantages. He decided, based on his research and understanding, that it would be beneficial to open a local fast-food restaurant.
Mc-King has become quite successful domestically, and now it is exploring the possibility of opening franchises internationally. The company hired an international agency to help it learn what and what not to do. After the agency met with the managers of Mc-King a few times, the Mc-King management decided it would go ahead with its decision to expand internationally.
-Refer to Mc-King Chicken. Which of the following would not be an advantage of a franchise?
Variance
A measure of how spread out a set of data is, specifically, the average of the squared differences from the mean.
Compute
To calculate or process information by performing mathematical operations, often using a computer.
Unbiased Estimates
Statistical estimates that are expected to be equal to the true value of the parameter being measured, not systematically over or underestimating the true value.
Conservative Estimates
Predictions or calculations that are deliberately cautious or understated, often to ensure that outcomes will meet or exceed expectations.
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