Consider the fact that 81 percent of surveyed new business owners thought that their business had at least a 70 percent chance of success, but only 39 percent thought that most businesses like theirs would succeed. Describe the bias that this example illustrates.

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The Answer of Consider the fact that 81 percent of surveyed new business owners thought that their business had at least a 70 percent chance of success, but only 39 percent thought that most businesses like theirs would succeed. Describe the bias that this example illustrates.

Consider the Fact That 81 Percent of Surveyed New Business