The 80/20 Rule Is Most Closely Related to Which Basis

question 181

Multiple Choice

The 80/20 rule is most closely related to which basis of segmentation?

• A) geographic
• B) psychographic
• C) opportunistic
• D) demographic
• E) behavioral

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Definitions:

Research Hypothesis

An educated guess or prediction made for the purpose of testing through scientific research, stating a potential outcome or relationship.

Critical Values

Thresholds in hypothesis testing which, if exceeded by the test statistic, indicate that the null hypothesis can be rejected.

Standard Deviation

A metric that quantifies how spread out a dataset is in comparison to its average value.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to calculate confidence intervals or test hypotheses.