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About 52 Percent of New Businesses Fail Within Five Years

question 39

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About 52 percent of new businesses fail within five years.


Definitions:

Population Mean

The average of a set of characteristics (e.g., measurements, counts) of the entire population.

Standard Error

A statistic that measures the dispersion or variability of a sampling distribution, often used in estimating parameters.

Confidence Interval

A range of values that is used to estimate the true value of a population parameter with a certain level of confidence.

Population Standard Deviation

A measure of the dispersion of a set of data from its mean, calculated for the entire population.

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