Bounce rate is one of those metrics that SEO people discuss in great detail. People frequently talk about absolutes in terms of how to reduce your bounce rates, but there are no absolutes. Bounce rates need to be studied subjectively: each site contains unique goals, objectives, and methods to achieve these goals. Certainly, there are some general best practices.
This blog includes an infographic by KISSmetrics, which attempts to demystify bounce rate.
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