If Data Mining Finds a Statistical Correlation or Relationship Between

question 3

True/False

If data mining finds a statistical correlation or relationship between two data items,then there exists a plausible relationship between those two data items in the real world.

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Definitions:

Tying Agreements

Business arrangements where the buyer of a product or service is required to purchase an additional product or service from the seller.

Widget Manufacturer

A company or entity engaged in the production of small mechanical or electronic devices or gadgets.

Relevant Geographic Market

An area in which a company competes for business, used in assessing competitive dynamics and antitrust concerns.

Robinson-Patman Act

A U.S. law enacted in 1936 designed to prevent anticompetitive practices by prohibiting price discrimination on the sale of goods to equally situated distributors.