A Tree Diagram Used to Illustrate the Sequence of Nested

question 29

Multiple Choice

A tree diagram used to illustrate the sequence of nested clusters produced by hierarchical clustering is known as a

• A)dendrogram.
• B)scatter chart.
• C)decile-wise lift chart.
• D)cumulative lift tree.

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Definitions:

Economic Theory

The study of how goods, services, and wealth are produced, distributed, and consumed in society.

Demand

The desire for certain goods or services backed by the ability and willingness to pay for them.

Luxury Goods

High-end items that are not necessary for survival but are desired for their quality, status, or aesthetics.

Doubled Income

A situation where an individual's or entity's income increases to twice its initial amount.