An Example of Demographic Segmentation Is Dividing the Market Based

question 29

True/False

An example of demographic segmentation is dividing the market based on whether people live in the city or rural areas.

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Definitions:

Quotient

The result obtained from dividing one number by another.

Rounded

The process of adjusting a number to its nearest value, often to a specified number of decimal places, for ease of reading or reporting.

Median

After organizing a dataset in ascending or descending sequence, the median is identified as the middle point.

Mean

A measure of central tendency representing the central or typical value in a dataset, calculated as the sum divided by the number of data points.