1. What are experiments?

 Experiments are mechanisms for testing the validity of hypothesis. The starting point of
an experiment is the hypothesis- the assumption to be tested – but the formulation of
the hypothesis itself begins with asking questions and conducting background research
to identify the right questions to be explored further.

2. Enumerate the steps of experimentation

 The scientific process of experimentation includes the following steps: asking lots of
questions; carrying out background research; developing hypotheses; testing the
hypotheses by running experiments; analyzing the data; and assessing results.

3. Enumerate different ways of generating data

 Scientific mentality should be adopted, but not to an extreme degree. Data should be
well tracked, and many questions should be explored; but cost and experiment duration
should be kept to a minimum whenever possible. Finally, all possible stakeholders
should be the focus, both in terms of consideration and interaction.

4. What are the rules of experimentation?

 When experimenting, entrepreneurs should build on learning, including recently
acquired information (positive and negative) into future experiments.

5. What are the three types of experiments commonly used?

 The three most commonly employed types of experiments areas follows: trying new
experiences; deconstructing products, processes, and ideas to better understand how
and why they function; and conducting trials and pilots.