A Firm Would Use Data Mining If It Wanted to

question 33

Multiple Choice

A firm would use data mining if it wanted to

• A) store copies of crucial data in several different locations to protect against its loss during disasters such as earthquakes, floods, or terrorist attacks.
• B) protect its data from unauthorized outsiders.
• C) increase the rate at which information flows through a firm's intranet.
• D) discover hidden relationships among the data it accumulates.

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Definitions:

Joint Probability Distribution

A statistical measure that gives the likelihood of two or more events occurring simultaneously and the relationship between them.

Random Variables

A mathematical representation of a quantitative variable whose value depends on outcomes of a random phenomenon.

Continuous Probability Distribution

A type of probability distribution where the possible outcomes form a continuous range, and probabilities are assigned over intervals rather than distinct events.

Wider

Implying an increase in breadth or extent, often used in a comparative context to describe physical dimensions or the scope of analysis.