In Market Segmentation,individual Psychographic Variables Can Be Combined with Other

question 47

True/False

In market segmentation,individual psychographic variables can be combined with other variables to provide more detailed descriptions of market segments.

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Definitions:

Normal Distribution

A bell-shaped distribution that is symmetrical about the mean, describing how the values of a variable are spread or distributed.

Mean

A statistical measure representing the central or typical value in a set of data, often understood as the common "average".

Normally Distributed

A type of distribution in which the data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how much individual data points differ from the mean.