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When Testing for Association Between Two Variables, It Is Possible

question 63

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When testing for association between two variables, it is possible that they can be statistically significant but not appear to be meaningfully associated.

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Definitions:

Specific Consumers

Individual customers or segments of the market with particular needs, interests, and characteristics targeted by businesses.

Marketer

A person or an organization that promotes or sells products or services, focusing on identifying and meeting the needs of its target market.

Demographic Variable

A characteristic used to segment populations for study, such as age, gender, income level, education, or ethnicity.

Social Class

A segmentation of society according to socioeconomic standings.

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