For Prospective Entrepreneurs, Enrolling in an Introduction to Business or Small

question 68

Multiple Choice

For prospective entrepreneurs, enrolling in an introduction to business or small business management course offered through their community college

• A) is likely to be wasted time since college courses tend to be too theoretical.
• B) can be helpful by offering them an opportunity to meet experienced small business owners.
• C) serves as supplementary information, only after starting their business venture.
• D) seldom provides you with information to help make small business decisions.

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Definitions:

Population Proportions

The ratio of members in a population that have a particular attribute over the total number of members in the population.

Point Estimate

A single value or statistic that is used to estimate the value of a population parameter.

Population Proportions

The fraction or percentage of a population that exhibits a specific characteristic or attribute.

Standard Error

The standard deviation of the sampling distribution of a statistic, providing a measure of the precision of the estimated population parameter.