For a Given Expected Value,the Smaller the Standard Deviation of the Expected

question 52

True/False

For a given expected value,the smaller the standard deviation of the expected value,the larger the risk.

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Definitions:

Demographic Segmentation

Dividing markets on the basis of various demographic or socioeconomic characteristics such as gender, age, income, occupation, household size, stage in family life cycle, education, or ethnic group.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Household Size

The total number of individuals living in a single housing unit, often used in context of demographic data or eligibility for certain programs.

Market Segmentation

The process of dividing a target market into smaller, more defined categories to tailor marketing efforts effectively.