In the K-Nearest Neighbors Method, When the Value of K

question 35

Multiple Choice

In the k-nearest neighbors method, when the value of k is set to 1

• A)the classification or prediction of a new observation is based solely on the single most similar observation from the training set.
• B)the new observation's class is naïvely assigned to the most common class in the training set.
• C)the new observation's prediction is used to estimate the anticipated error rate on future data over the entire training set.
• D)the classification or prediction of a new observation is subject to the smallest possible classification error.

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Definitions:

Variable Selling Expense

Costs incurred from selling a product that vary directly with the number of units sold, such as commissions and shipping costs.

Specialized Machine

Equipment designed for a specific manufacturing process or product, often custom-made and representing a significant fixed cost.

Contribution Margin

The amount of revenue remaining after deducting the variable costs, indicating the contribution towards the fixed costs and profits.

Annual Production

The total quantity of goods or output produced by a company in a year.