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A ________ Is a Distinctive Group of Customers Within a Larger

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A ________ is a distinctive group of customers within a larger market who are similar to one another in some way and whose needs differ from other customers in the larger market.


Definitions:

Dummy Variables

Variables used in regression analysis to represent subgroups of the sample in a binary form.

Grade Point Average

An average score representing the academic performance of a student, calculated from the grades obtained in their courses.

Indicator Variables

Dummy variables used in regression models to encode categorical data into numbers, typically 0 or 1, to include them in statistical analysis.

Number of Hours

The total count of hours measured in a given context, often referring to the duration of events or the amount of time spent on activities.

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