The Characteristics of a Firm's Best Customers or the Perfect

question 63

Short Answer

The characteristics of a firm's best customers or the perfect customer are referred to as the __________customer profile.

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Definitions:

Rank Sum Statistic

A statistical measure used in non-parametric tests to evaluate the significance of the difference between two independent samples based on ranks of the data.

Sample Size

The number of subjects or observations included in a study or experiment, which can affect the validity and reliability of statistical analyses.

Normal Approximation

A statistical method that applies the normal distribution to approximate the distribution of various sample statistics under certain conditions.

Two-Sided P-Value

The probability of observing an effect at least as extreme as the test statistic, considering both tails of the distribution in a two-sided test.