Some examples from this set of practice questions
1.
What is an example of Reproduction?
Answer: chef that goes into business for himself
2.
It is highly probable that we will ever be able to construct a mathematical model of the phenomenon of entrepreneurship. True or false?
Answer: False! It is highly IMPROBABLE that ...
3.
What is Constructivism?
Answer: people actively construct or make their own knowledge and the reality is determined by the experience of the learner.
4.
A start-up is a temporary organization in search of a...
Answer: scalable business model
5.
What is the Dependent variable?
Answer: the topic of investigation (often Y). (annual expenditures on recreation)
6.
The correlation coefficient can never be larger than +1 and smaller than -1. True or false?
Answer: True!
7.
What do we use to obtain the Regression line?
Answer: We use the least-squares method to construct a straight regression line.
8.
Can we usually trust the prediction when we experience interpolation?
Answer: Yes! Interpolation = then the prediction can usually be trusted
9.
Why do we use regression analysis?
Answer: 1. Position the population elements with respect to each other (for small populations) 2. Forecast future observations of Y (for time series) 3. Predict the value of Y for a population element for which the values of the independent variable are observes (large populations)
10.
CM transitioning into a technology company was good for the competitors. True or false?
Answer: False! Competitors\' margins got crushed
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