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

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Definitions:

Profit-Maximizing Price

The price at which a company can achieve the maximum possible profit while selling its products or services, considering the market demand and production costs.

Panel

A group of people selected to provide advice, information, or opinions on a specific issue, often seen in research studies or discussions.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to buy at various prices.

Plumbing Market

A segment of the market that deals with the distribution and installation of water supply and sanitary systems in buildings.