Asked by Jamie Skubal on Feb 18, 2024



Sanity checks are necessary when calculating your market size just to be certain you aren't overlooking something obvious.


A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.

  • Understanding the purpose of sanity checks in ensuring accuracy and reliability
  • Techniques and methods for performing sanity checks in market size calculations
  • Importance of conducting sanity checks in market size calculations

Verified Answer

Mohammad Istanboli

Feb 18, 2024

Final Answer :
Explanation :
Sanity checks help ensure that you have considered all relevant factors and that your market size calculation is reasonable and accurate. It is always a good practice to perform a sanity check before making any key business decisions based on your market size estimates.