Which Three of the Following Best Describe Useful Applications of Data

question 43

Multiple Choice

Which three of the following best describe useful applications of data mining?

• A) Building up customer purchase histories to target promotions
• B) Credit risk assessment in financial services
• C) Creating address- merge mailing to specific customers
• D) Accurately and rapidly carrying out payroll calculations
• E) Identifying underlying drivers of demand (e.g. demographic factors)

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Definitions:

National Average

This term typically refers to the average value or measurement found by aggregating specific data across an entire nation, often used in contexts such as test scores or income levels.

Surgical Site Infections

Infections that occur after surgery in the part of the body where the surgery took place, which can sometimes lead to serious complications.

National Average

The mean or median value of a particular measure computed from data collected across a nation.

Mean Distribution

Refers to the distribution of the arithmetic mean from multiple samples from the same population, often assumed to be normal in many statistical applications.