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What Does a Market Segment Consist Of

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What does a market segment consist of?


Definitions:

Critical Value

A threshold in hypothesis testing that defines the boundary of the region where the null hypothesis is rejected.

Minimum Value

The smallest number in a data set.

Significance

Significance refers to the measure of whether the results of a study or experiment are likely not due to chance, as determined by a set threshold of probability (p-value).

Alpha (α)

The threshold of significance in a statistical test; the probability of rejecting the null hypothesis when it is true, often set at 0.05 or 5%.

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