Data Collectionmedium
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A venture capital firm analyzes data from 200 startups that have survived at least 10 years and finds that successful startups had larger founding teams (average 8 people) and spent more on marketing in their first year. The firm concludes: 'To succeed, startups must have large teams and high marketing budgets.' Which statement best identifies a limitation of this conclusion?
A venture capital firm analyzes data from 200 startups that have survived at least 10 years and finds that successful startups had larger founding teams (average 8 people) and spent more on marketing in their first year. The firm concludes: 'To succeed, startups must have large teams and high marketing budgets.' Which statement best identifies a limitation of this conclusion?