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Imagine That You Conduct a Segmentation Study for McDonald's

question 21

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Imagine that you conduct a segmentation study for McDonald's.Individuals are assigned to different segments based on the percentage of all their fast food consumption which takes place at McDonald's in an average week.This would be an example of a segmentation based on ________.


Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set deviates from the mean.

Toll Station

A point at which drivers are charged a fee to use a bridge, road, or tunnel.

Standard Deviation

A metric showing the extent of deviation or scatter of data points, highlighting the distance of these points from the central value.

Probability

The likelihood or chance of a particular event happening, often expressed as a number between 0 and 1.

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