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According to the Text,most People Equate Social Class (Socioeconomic Segmentation)with

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According to the text,most people equate social class (socioeconomic segmentation)with income,although income alone can be a poor predictor of social class.Other factors,such as education level and occupation,also go into determining social class.


Definitions:

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1, where 1 represents certainty.

Good Job

A term of praise or acknowledgment used to express approval of someone's performance or effort in a task or responsibility.

Outcome

The result or effect of an action, situation, or decision.

Expectancy

The belief or anticipation about the likelihood that a specific outcome will occur, often influencing motivation and behavior.

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