Question: 1 . [ 4 points ] In a multiple channel marketing campaign, potential customers are divided into ( m ) market segments, which
points In a multiple channel marketing campaign, potential customers are divided into m market segments, which are groups of customers with similar demographics; for example, male, female, married, college educated women aged etc. A company markets its products by purchasing advertising in a set of n channels; for example, specific TV or radio shows, magazines, web sites, blogs, direct mail, and so on The ability of each channel to deliver impressions or views by potential customers is characterized by the data matrix mathbfX which has m rows and n columns representing m customer segments and n advertising channels. The entry in the i th row and j th column of the data matrix is the number of views of customers in segment i for each Rupee spent on channel j The n vector mathbfc will denote the company's purchases of advertising, in Rupees, in the n channels. Finally, we introduce the m vector a where ai gives the profit in Rupees per impression in market segment i
a Express the total amount of money the company spends on advertising as a dot product of two vectors. Explain your answer briefly.
b Interpret the quantity Xc in plain English and using the data as reference briefly; do this by starting with interpreting the underhighlighted terms below in plain English:
c The total profit of the company is the dot product of two vectors. What are they? Explain your answer briefly.
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