The 80/20 Rule Is Most Closely Related to Which Method

question 103

Multiple Choice

The 80/20 rule is most closely related to which method of segmentation?

• A)geographic
• B)psychographic
• C)opportunistic
• D)demographic
• E)behavioral

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Definitions:

Covariance

A statistical measure indicating the direction of the linear relationship between two variables; can be positive, negative, or zero.

Best-Fitting Regression Line

The line that most accurately represents the relationship between the dependent and independent variables in regression analysis, minimizing the discrepancies between observed and predicted values.

Estimate

A value calculated from sample data that is used to approximate a population parameter.

Project Scope

Defines the specific objectives, deliverables, and requirements of a project, outlining what is included and excluded from the work.