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The amount of snowfall falling in a certain mountain range is normally distributed with a mean of 89 inches, and a standard deviation of 14 inches. What is the probability that the mean annual snowfall during 49 randomly picked years will exceed 91.8 inches?
Target Market
Refers to the specific group of consumers or organizations a company aims to reach with its products or services.
Benefits Sought
The specific value or advantage consumers look for in a product or service, which drives their purchasing decisions.
Observable Customer Characteristics
Traits or behaviors of consumers that can be directly seen and measured by marketers.
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