If You Can Determine That the Outlier Is Not Really

question 65

Multiple Choice

If you can determine that the outlier is not really a member of the relevant population, then it is appropriate and probably best to:

• A) average it
• B) reduce it
• C) delete it
• D) leave it

Understand the role of demographics in shaping marketing strategies.

Examine the influence of generational preferences on product categories.

Assess how generational cohorts respond to marketing tactics.

Recognize the importance of demographics in product targeting and

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Definitions:

Affirmative Action

A method for opening opportunities to women and minorities that specifically redresses past discrimination by taking positive measures to recruit and hire previously disadvantaged groups.

Hiring Decisions

The process and outcomes related to evaluating and selecting candidates for employment positions within an organization.

College Admissions

The process through which students enter tertiary education at colleges and universities, often involving eligibility criteria and selection processes.

Minority Groups

Demographic groups within a society that are smaller in number and often experience differential treatment or discrimination because of cultural, ethnic, or other differences.