The Price Index Was 170 in the First Year,180 in the Second

question 159

Multiple Choice

The price index was 170 in the first year,180 in the second year,and 195 in the third year.The inflation rate was about

• A)5.6 percent between the first and second years,and 7.7 percent between the second and third years.
• B)5.9 percent between the first and second years,and 8.3 percent between the second and third years.
• C)10 percent between the first and second years,and 15 percent between the second and third years.
• D)80 percent between the first and second years,and 95 percent between the second and third years.

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Definitions:

Customer Segmentation Analysis

A method of analyzing data that creates customer profiles and categorizes them.

Customer Profiles

Detailed descriptions of a business's typical or ideal customers, including demographic, psychographic, and behavioral traits.

Demographic Characteristics

Attributes of populations, such as age, race, gender, income, education, and employment, which are used for statistical and marketing analysis.

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