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How Can Direct Marketing Create a Win-Win Situation for Customers

question 33

Essay

How can direct marketing create a win-win situation for customers and the firm?


Definitions:

Categories

Distinct groups or classes into which data or objects are organized.

Nominal Data

Data classified into categories that cannot be ordered in a meaningful way, used in qualitative analysis.

Chi-squared Goodness-of-fit

A statistical test that measures how well observed data fit an expected distribution in categorical data.

Contingency Table

A Contingency Table is a type of table in a matrix format that displays the frequency distribution of the variables. It's used in statistics to analyze the association between two or more variables.

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