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Alexia is geographically large and represents a sizable market for a wide range of products. It has a strong growth rate and is considered as the regional economic driver. Based on this information, Alexia can be classified as a _____.
Stratified
A sampling method that involves dividing a population into smaller groups, known as strata, that share similar characteristics.
Cluster
A grouping of similar items, individuals, or data points among a set of data.
Standard Error
Standard Error is the standard deviation of the sampling distribution of a statistic, often used to measure the accuracy with which a sample reflects a population.
Sample Size
The number of observations or elements selected from a population to be included in a sample.
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