The Majority of Owners of New Businesses Work

question 102

Multiple Choice

The majority of owners of new businesses work

• A) between 40 and 50 hours per week.
• B) less than 40 hours per week.
• C) more than 60 hours per week.
• D) more than 75 hours per week.
• E) more than 90 hours per week.

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Definitions:

Confidence Interval

A range of values, derived from the sample statistics, that is likely to contain the population parameter with a certain level of confidence.

Population Mean

Population mean is the average of all the values in a population.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the numbers are from the mean.

Confidence Interval

A series of values, obtained from statistics of a sample, that has a high probability of including the value of an unseen population parameter.