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In Market Segmentation,individual Psychographic Variables Can Be Combined with Other

question 47

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In market segmentation,individual psychographic variables can be combined with other variables to provide more detailed descriptions of market segments.


Definitions:

Median

A statistical measure representing the middle value in a set of data, where half the numbers are above and half are below.

Mean

The average value of a group of numbers, calculated by dividing the sum of all the numbers by the count of the numbers.

Frequency Distribution

a representation, often in the form of a table, that shows the number of observations within a particular range of values, used in statistics to summarize data sets.

Data Set

A collection of related sets of information that consists of separate elements but can be manipulated as a unit by a computer.

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