Question: Why is it difficult to estimate the standard deviation for a new business? Multiple choice question. There is no historical data for a new business.
Why is it difficult to estimate the standard deviation for a new business?
Multiple choice question.
There is no historical data for a new business.
The sales forecasts for the immediate future are totally unreliable.
There is no benchmark to compare the new business with.
The future of a new business is uncertain.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
