Chesnee Is Analyzing Census Data,looking for Demographic Segments That She

question 7

Essay

Chesnee is analyzing census data,looking for demographic segments that she can target for her new insurance products.For Chesnee,what are the advantages of using census data?

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Definitions:

Electrical Motor

A device that converts electrical energy into mechanical energy, commonly used in a wide range of applications from household appliances to industrial machinery.

Standard Labor-Hours

The estimated time that should be required to complete a single unit of production, serving as a benchmark for performance and cost control.

Overhead

The indirect costs of production or operations that are not directly traceable to a specific product or job, such as utilities, rent, and administrative expenses.

Machine-Hours

A measure of production activity that quantifies the total hours a machine is operated over a specific period.