Nominal Data Have a Specified Measure of the Distance Between

question 83

True/False

Nominal data have a specified measure of the distance between observations,but no natural zero.

---

Definitions:

Web Server

A software or hardware that uses HTTP (Hypertext Transfer Protocol) to respond to requests from clients, delivering web pages to browsers.

Market Segmentation

Involves aggregating prospective buyers into groups, or segments, that have common needs and will respond similarly to a marketing action.

Prospective Buyers

Individuals or entities that are potential customers, showing interest in purchasing a product or service.

Marketing Action

Any initiative or step taken by a company to promote its products or services, aiming to achieve specific marketing objectives.