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Evelissa Classifies Her Customers into Three Groups to Aid Her

question 125

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Evelissa classifies her customers into three groups to aid her in allocating her time and other resources appropriately. Group 1 is her best accounts, Group two is accounts of moderate value, and Group 3 is noncustomers and very low value accounts. Evelissa is using:


Definitions:

Population Variance

The measure of the dispersion of all values in a population from the population mean.

Population Variance

A measure of the spread or dispersion within a set of data points in a population, indicating how much the data varies from the average.

Dog Food

A type of food specifically formulated and intended for consumption by dogs, made from various ingredients.

Forearm

The part of the arm between the wrist and the elbow.

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