Assuming You Have Data for a Variable with 2,000 Values,using

question 58

Multiple Choice

Assuming you have data for a variable with 2,000 values,using the 2^k ≥ n guideline,what is the least number of groups that should be used in developing a grouped data frequency distribution?

• A)9
• B)11
• C)13
• D)12

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Definitions:

Competitive Advantages

Unique attributes or conditions that allow a company to outperform its competitors.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, often summed up by the 4Ps: product, price, place, and promotion.

Customer Responses

The reactions or feedback from customers regarding a company's products, services, or policies, which can influence business strategies.

Behavioral Segmentation

The process of dividing a market into segments based on consumer behaviors, such as purchasing habits, spending patterns, and brand interactions, for targeted marketing.