Social Networks Are Helping Marketing Professionals Understand Who Their Customers

question 22

True/False

Social networks are helping marketing professionals understand who their customers are.

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Definitions:

Null Hypothesis

A statement in statistics that there is no significant difference or effect, and any observed difference is due to sampling or experimental error.

Alternative Hypothesis

A statistical hypothesis that suggests a difference or effect, opposite to the null hypothesis.

Central Limit Theorem

A statistical principle stating that with a large enough sample size, the distribution of the sample means will be approximately normally distributed, regardless of the population's distribution.

Sample Size

The number of observations or data points selected from a population for statistical analysis.