The Goal of a Feasibility Study Is

question 8

Multiple Choice

The goal of a feasibility study is:

• A) to create additional value for customers through great products or services.
• B) to create outlets for employees to bring out new ideas.
• C) to assess if a business idea can be profitably brought to market.
• D) to assess how well a preliminary run of a business works and what problems it might have.

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Definitions:

Radioactive Waste

Material that contains or is contaminated with radioisotopes at concentrations or activities greater than clearance levels as established by regulatory authorities, and for which no use is foreseen.

Confidence Interval

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

Logistic Regression

A statistical method used for predicting the outcome of a binary variable based on one or more predictor variables.

Probability

The probability of an event happening.