Examlex
A _____ is a relatively homogeneous group of customers who will respond to a marketing mix in a similar way.
Probability
A quantification of the chances of a given event happening, with its value lying anywhere from 0 to 1.
Simple Events
In probability, an event that cannot be broken down further into simpler components.
Probabilities
They are measures of the likelihood or chance of an event occurring, expressed as a number between 0 and 1.
Sample Space
The collection of every potential result from a statistical experiment.
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