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Marketers can use one of two strategies: the first strategy uses Groupon and Living Social Deals,and the second strategy uses ads in newspapers,magazines,and on TV.The difference between these two types of marketing strategies is that the first one targets consumers who are __________ and the second one targets consumers who are __________.
Region of Residence
Refers to the geographical area where an individual or population lives, often used in studies to analyze demographic, social, or health trends.
Expected Frequency
The forecasted count of occurrences in a category of a distribution, based on a probability model.
True Null Hypothesis
The proposition that there is truly no effect or difference, as opposed to the hypothesis being tested, which suggests that there might be.
Level of Risk
Indicates the potential for loss or harm which can result from a given action, activity, or decision.
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