By Paying Close Attention to Customer Needs and Continuously Monitoring

question 23

True/False

By paying close attention to customer needs and continuously monitoring the business environment in which it operates, a good marketer can identify potential opportunities.

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Definitions:

Highest 86%

Refers to the maximum value or percentile, likely in a set of data or scores, being at or reaching 86%.

Highest 7%

Refers to the top seven percent of a distribution or set of data points, often used in statistical analysis to identify outliers or exceptional cases.

-0.55 < Z < 0.55

Represents a range on the Z-score scale, which indicates values that are within this interval on a standard normal distribution.

-0.73 < Z < 2.27

A statistical range between Z-scores indicating that data points fall within this interval on a standard normal distribution.