A(n)________ Analysis Is Used to Analyze and Rank Customers According

question 80

Multiple Choice

A(n) ________ analysis is used to analyze and rank customers according to their purchasing patterns.

• A) regression
• B) cluster
• C) RFM
• D) market basket

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Definitions:

Mean Difference

The average difference between two sets of data points, often used in comparing the means from two samples.

Independent Populations

Populations that have no influence on one another, implying that the selection from one population does not affect the selection from another.

Significance Level

A threshold in hypothesis testing that determines whether the observed results are statistically significant.

Engine Wear

The gradual degradation and wear of engine components due to friction, heat, and use over time, affecting performance and lifespan.