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Use the grouped data formulas to find the indicated mean or standard deviation.
-The manager of a bank recorded the amount of time a random sample of customers spent waiting in line during peak business hours one Monday. The frequency distribution below summarizes the results.
Approximate the sample mean. Round your answer to one decimal place.
714 312
Private Branding
A marketing strategy where products are manufactured by one company but branded and sold under another company's brand.
Mixed Branding
A marketing strategy where a company markets products under its brand name alongside those of other brands, potentially appealing to diverse customer segments.
Subbranding
The strategy of creating a secondary brand within the main brand to cater to a different segment or market needs without sacrificing the parent brand's identity.
Multibranding
A marketing strategy in which a company offers multiple brands within the same product category, each with a unique identity to target different market segments.
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