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Customer Lifetime Value

question 113

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Customer lifetime value


Definitions:

Statistical Test

A procedure for making inferences about the properties of a population, based on sample data.

Legal Age

The age at which an individual is recognized by law as an adult and capable of making legal decisions.

Chi-Square Test

A statistical test used to determine the significance of an observed association between two categorical variables.

Statistical Test

A method used to determine the significance or importance of data differences or relationships through mathematical calculations.

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