Which of the Following Is True of Euclidean Distances

question 27

Multiple Choice

Which of the following is true of Euclidean distances?

• A)It is used to measure dissimilarity between categorical variable observations.
• B)It is not affected by the scale on which variables are measured.
• C)It increases with the increase in similarity between variable values.
• D)It is commonly used as a method of measuring dissimilarity between quantitative observations.

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Definitions:

Maximizing Total Revenue

The process of adjusting prices and output to achieve the greatest possible sales income.

Corresponding Total Revenue

The total amount of money received by a firm from sales of its products or services, corresponding to a specific level of output.

Individual Incentive Systems

Compensation schemes that reward employees based on their personal productivity, effort, or achievement, aiming to boost individual performance.

Performance

The act of carrying out or accomplishing tasks, duties, or goals as expected or required in a specific role or function.