What Is the Approximate Failure Rate for New Businesses After

question 20

Multiple Choice

What is the approximate failure rate for new businesses after five years?

• A)20%
• B)40%
• C)60%
• D)80%

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Definitions:

Logistic Regression

A statistical method for analyzing a dataset in which there are one or more independent variables that determine an outcome, typically used for prediction of binary outcomes.

Concentration

The measure of the amount of a sub-component (solvent, solute, or gas) in a solution.

Odds

A statistical measure used to express the likelihood of an event occurring, typically presented as the ratio of the event happening to it not happening.

Observational Study

A study in which the researcher observes and records behavior or outcomes without manipulating variables or conditions.