________ Is a Way of Analyzing and Ranking Customers Based

question 58

Short Answer

________ is a way of analyzing and ranking customers based on their purchasing patterns.

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Definitions:

Population Variances

Population variances measure the dispersion of all data points in a population around the population mean, reflecting the overall variability within that population.

Significance Level

A threshold of probability set before conducting a hypothesis test, below which the null hypothesis is rejected, symbolized as alpha (α).

Standard Deviation

Standard deviation is a statistical measure that quantifies the variation or dispersion of a set of data points or values around their mean.

Test Scores

Numerical or grading assessments that evaluate a person's performance on academic or skill-based tests.