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If you have a short time frame for data collection and need an answer immediately, you likely will have to use historical data.
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Which of the following details can be used to improve feasibility study?
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Recall the standing ovation model. Suppose that for a particular show, perceptions of show quality are uniformly distributed between 0 and 100. Also suppose that individuals stand if they perceive the quality of the show to exceed 60 out of 100. Approximately what percentage of people will stand initially?
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2. Question 2 Recall the standing ovation model. Suppose that for a particular show, perceptions of show quality are uniformly distributed between 0 and 100. Also suppose that individuals stand…
