Statistically, One Can Expect About Two Out of Every Three

question 27

True/False

Statistically, one can expect about two out of every three new businesses to fail within six years of their founding.

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Definitions:

Consensus

A general agreement or collective opinion among a group of individuals, often achieved through discussion and compromise.

Technology Response

The way individuals, groups, or societies react and adapt to technological innovations and changes.

Correspondent Inference

Correspondent inference is a theory in social psychology that explains how individuals infer the disposition or traits of others from their observed behavior, especially when their actions are freely chosen.

External Attribution

The process of attributing the cause of a behavior or event to situational factors outside the control of the individual.