In Unsupervised Data Mining,explanations Are Created After Patterns Are Found

question 33

True/False

In unsupervised data mining,explanations are created after patterns are found.

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Definitions:

Price

Price refers to the amount of money expected, required, or given in payment for something, representing the value exchange between buyer and seller in a market.

Kinked Demand

A demand curve that has a distinct bend or "kink" at a certain price level, reflecting different elasticity above and below that price.

Marginal Cost

The increase in cost resulting from the production of an extra unit of a good or service.

Output Level

The total amount of goods or services produced by a business or economy during a specific period.