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Explain why the American Community Survey(ACS)may represent the most significant change in several decades in the availability of secondary data to be used for marketing research purposes.Give one example of the use of data from the ACS.
Permanent Full-Time
Employment status where individuals are hired for a continuous duration without an anticipated end date and work a full schedule, usually defined by the employer.
Historical Percentages
Percentages calculated from past data, used to make predictions or assessments about future trends.
Multinomial Experiment
An experiment involving outcomes that can fall into one of several categories, generalizing binomial experiments.
Fixed Number
A value that remains constant and does not change in different situations or equations.
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