You Borrow $20,000 at an Interest Rate of 6% to Open

question 129

Multiple Choice

You borrow $20,000 at an interest rate of 6% to open Candy Dan's, a gourmet sweet shop. You will earn an economic profit if the return on your investment is

• A) between 0 and 6%.
• B) 6%.
• C) greater than 6%.
• D) only greater than 10%.

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Definitions:

Supervised Learning

Training an AI system using a huge number of examples.

Unsupervised Learning

When an AI system can look at data on its own and build rules for deciding what it is seeing.

Perception

The process by which individuals interpret and organize sensation to produce a meaningful experience of the world.

Cloud Computing

The process of storing data, files, and applications on the Web, which allows access to and manipulation of these files and applications from any Internet-connected device.