Which of the Following Is Not True Regarding Data Mining

question 60

Multiple Choice

Which of the following is not true regarding data mining

• A)most major industries utilize data mining
• B)data mining is performed to confirm a preconceived hypothesis
• C)data mining is often performed through a database management system
• D)data mining should be used in making future business decisions
• E)the first three steps of data mining is extract, transform and load

Describe various decision-making models and their applications.

Explain the influence of information overload on decision-making.

Understand the heuristic approach to reasoning and its implications.

Discuss the role of framing in preference and decision-making.

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Definitions:

Decedent's Will

A legal document specifying how an individual’s assets and responsibilities should be managed and distributed after their death.

Estate Administration

The process in which a decedent’s personal representative settles the affairs of the decedent’s estate, collects assets, pays debts and taxes, and distributes the remaining assets to heirs. The process is usually overseen by a probate court.

Probate Court

A specialized court that deals with matters pertaining to wills, estates, conservatorships, and guardianships.

Decedent's Estate

All the assets and liabilities left behind by a person who has passed away.