As an entrepreneur, one should think like a scientist and ______.
a. act like one as well
b. not put as much time or precision in experiments as a scientist would
c. conduct experiments with more precision since the results will be acted upon
d. use the same methods as a scientist
b. not put as much time or precision in experiments as a scientist would
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Define consumer's risk. Is it a Type I or Type II error? What is the symbol for its value?
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Gary is taking out a $5,000 loan for 1 year at an APR of 12%. His bank has offered him a loan using the add-on method. Using first the financial calculator method and the add-on method calculate Gary's monthly loan payment
A) $444.24; $466.67 B) $475.00; $448.94
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