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Exhibit 8-6.A sample of 1400 American households was asked if they planned to buy a new car next year.Of the respondents,34% indicated they planned to buy a new car next year. Refer to Exhibit 8-6.Construct a 90% confidence interval of the proportion of American households who expect to buy a new car next year.
Innovation
The introduction of new ideas, methods, or products, which can drive economic growth and enhance efficiency or quality.
Invention
The creation of a new product or process through the use of unique ideas or the innovative recombination of existing ideas.
Start-up
A new business venture in its early stages, typically characterized by high uncertainty and potential for growth.
A multinational technology company specializing in Internet-related services and products, including online search, advertising, and software.
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