Clustering Is Based on the Premise That Consumers in the Same

question 4

True/False

Clustering is based on the premise that consumers in the same neighborhood tend to engage in similar consumption behavior.

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Definitions:

Median

A statistical measure that represents the middle value in a given set of numbers when arranged in order.

Median

A statistical measure representing the middle value in a given set of numbers, arranging them in ascending or descending order.

Statistics Exam

An assessment aimed at evaluating one's understanding and ability to apply statistical methods and analyses.

Standardised Score

A score that has been transformed to fit a specific average and standard deviation, allowing comparison across different tests or populations.