Question: (7) Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters/segments/groups. The average ages in the two groups are 45

(7) Consider the following 2 segmentation outputs based on age.

Segmentation ONE consists of 2 clusters/segments/groups. The average ages in the two groups are 45 and 65, and the standard deviation between the two segments is 4.5

Segmentation TWO also consists of 2 clusters. The average ages in the two groups here are 15 and 25, and the standard deviation between the two segments is 2.1.

Please comment on each of the above two segmentations. Which one achieves better separation/distinctiveness? And Why? Briefly explain your answer. (4 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

7) Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters/segments/groups.The average ages in the two groups are 45 and 65, and the standard deviation...

( 2 ) Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters / segments / groups . The average ages in the two groups are 4 5 and 6 5 , and the standard...

Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters / segments / groups . The average ages in the two groups are 4 5 and 6 5 , and the standard...

(4) Positioning is: A) Mental image of products and services B) Accomplished by pricing and other marketing variables C) Another name for Segmentation D) A and B E) A, B and C Consider the following...

THIS CLASS IS INTERNATIONAL MARKETING Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters/segments/groups. The averageages in the two groups are 45 and...

( 8 ) Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters / segments / groups . The average ages in the two groups are 4 5 and 6 5 , and the distance /...

Consider the following 2 segmentation outputs based on age. Segmentation ONE consists of 2 clusters/segments/groups.The average ages in the two groups are 45 and 65, and the standard deviation...

Read Chapters 1,2,4,7 and Write a 800 - 1000 word Reflection Paper Grading : ?Thoughtfulness?Reactions,personal experiences,criticisms, etc. ?Application to your futureprofessional(and personal)life...

Set Student Name: 1. Answer true or false for each part, and if false, explain your answer. a. The point estimate for the population mean, , of an x distribution is x-bar, computed from a random...

Instuctor's Annotated Edition TENTH EDITION Understandable Statistics Concepts and Methods Charles Henry Brase Regis University Corrinne Pellillo Brase Arapahoe Community College Australia Brazil...

As employers strive to offer benefits and services to an increasingly diverse workforce, they sometimes encounter backlash from employees who resent their policies. For example, some employees may...

Given the function (x) = x2 + 2x + 10, find these values. a. (-3) b. (-1/5) c. (2 - 3(2) d. (-1 + 3i)

Question: The tax consequences to the purchasing corporation in an asset acquisition include: A . a Section 1 0 0 1 cost basis in the assets purchased from the target B . a Section 1 0 1 2 cost basis...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...