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Operating Variables Used for Industrial Market Segmentation Include the Customer's

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Operating variables used for industrial market segmentation include the customer's delivery speed needs,order size needs,and particular uses of the product.


Definitions:

Sample Mean

The average of a subset of a larger population, used to estimate the population mean.

Sample Data

Data collected or selected from a larger population, used in statistical analysis to make inferences about the population.

Variance

A statistical measurement of the spread between numbers in a dataset, indicating how much they differ from the mean of the set.

Population

The entire group of individuals or instances about whom we wish to make conclusions in a statistical study.

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