There Is a Negative Relationship Between the Length of Time

question 53

True/False

There is a negative relationship between the length of time that a customer stays with a company and profit per customer.

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Variance

A statistical measure that represents the degree of spread or dispersion of a set of values from their mean.

Probability

The quantification of the probability that an event will happen, represented as a number ranging from 0 to 1.