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_________________ Is a Process of Clustering Wherein Individuals and Groups

question 56

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_________________ is a process of clustering wherein individuals and groups are sifted and sorted out in space based on their sharing of certain traits or activities in common.


Definitions:

Checking Account Balance

The amount of money currently available in someone's checking account.

Confidence Interval

A range of values, derived from the statistics of observed data, that is believed to contain the true value of an unknown parameter with a certain probability.

Credit Union

A member-owned financial cooperative that provides traditional banking services like savings and loan facilities to its members.

Random Sample

A subset of individuals chosen from a larger set, where each individual has an equal probability of being selected.

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