List and Describe the Five Types of Nontraditional Marketing

question 21

Essay

List and describe the five types of nontraditional marketing. Give an example of each.

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Definitions:

Sample Mean

The average computed from a sample set of data, representing the central tendency or typical value of the sampled population.

Median

The middle value in a data set, which divides the set into two equal halves.

Extreme Values

Data points that are significantly higher or lower than the majority of a data set, often considered as outliers or anomalies.

Variance

A statistic that represents the extent to which a set of numbers is spread out, calculating the average of the squared differences from the Mean.