Commercialization of Ideas Is More Difficult Than Idea Creation as Suggested

question 21

Multiple Choice

Commercialization of ideas is more difficult than idea creation as suggested by the fact that ____ percent of R&D occurs in large firms, yet the same firms produce fewer than ____ percent of patents.

• A) 50; 50
• B) 50; 80
• C) 80; 50
• D) 80; 80

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Definitions:

Confidence Interval

A statistical range, with a certain probability, that is believed to contain the true value of an unknown parameter.

Random Variable

A variable whose values depend on the outcomes of a random phenomenon.

Sample Proportion

The ratio of members in a sample that have a particular characteristic to the total number of members in that sample, often used in statistics to estimate population proportions.

Confidence Coefficient

A value, typically close to 1, that specifies the likelihood that a confidence interval will contain the true population parameter.