In Data Mining, Which of the Following Is an Example

question 150

Multiple Choice

In data mining, which of the following is an example of a transactional variable?

• A)Household income
• B)Occupation
• C)Age
• D)Annual charitable donations
• E)Number of children in household

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Definitions:

Economies of Scale

Economies of scale describe the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Average Cost

The total cost of production divided by the quantity of output, representing the cost per unit of output.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal.

Market Price

The current price at which a good or service can be bought or sold, determined by supply and demand.