Which of the Following Is the Basic Idea of the Decision

question 30

Multiple Choice

Which of the following is the basic idea of the decision tree technique?

• A) to perform an RMF analysis and rank consumers according to their purchasing patterns
• B) to select attributes that are most useful for classifying entities on some criterion
• C) to produce computer programs for information systems
• D) to use the minimum difference among groups created by the decision tree algorithm

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Definitions:

Marginal Cost

The cost added by producing one additional unit of a product or service, crucial for making efficient production and pricing decisions.

Marginal Revenue

The supplementary earnings obtained through the sale of an additional product or service unit.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Average Total Cost

The cost per unit of output, determined by dividing the overall production cost by the number of units produced.