The Average Linkage Method of Hierarchical Clustering Is Preferred to the Single

question 8

True/False

The average linkage method of hierarchical clustering is preferred to the single and complete linkage methods.

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Definitions:

Marginal Revenue Curve

A visual depiction illustrating the changes in marginal revenue as the level of produced output fluctuates.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service, crucial for determining the optimal level of output for a company.

Price

The amount of money required to purchase a good, service, or asset, typically determined by supply and demand.

Marginal Revenue

The additional income obtained from selling one more unit of a good or service.