Question

Cody lives and dies by statistics. He refers to stats and facts before making any big decision. When he considers starting a small business, he researches the first-year survival rate of small businesses. What does Cody find in his research? A. 35% of small businesses survive their first year of existence B. 40% of small businesses survive their first year of existence C. 80% of small businesses survive their first year of existence D. 80% of small businesses do not survive their first year of existence

Answer 1

Cody's research on the first-year survival rate of small businesses should reveal that approximately 80% of small businesses survive their first year of existence, based on U.S. Small Business Administration data.

Step-by-step explanation:

The U.S. Small Business Administration provides statistics that can help Cody understand the survival rate of small businesses. According to their data, many businesses do fail, but the question is specifically about the first-year survival rate. In the provided options, the closest to the statistical reality based on the U.S. Small Business Administration would likely be that 80% of small businesses survive their first year of existence (Option C). This is because the given statistics indicate that there is a larger number of businesses entering than exiting in a given year.