If You Own an Automobile Dealership,you Would Be Interested in a Potential

question 140

True/False

If you own an automobile dealership,you would be interested in a potential buyer's income,which is a demographic segmentation variable.

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Definitions:

Confidence Level

The probability that the value of a parameter falls within a specified range of values.

Population Standard Deviation

A measure of the dispersion or spread of all the data points in a population dataset.

Interval Estimate

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

Sampling Distribution

The probability distribution of a statistic based on all possible random samples that can be drawn from a population.