A Cluster Is a Subset of Objects That Are Similar

question 39

Multiple Choice

A cluster is a subset of objects that are similar and Clustering is the process of grouping data into a set of ______________.

• A) Irrelevant data
• B) Meaningless categories
• C) Statistical predictions
• D) Meaningful subclasses called clusters

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Definitions:

Supply Curve

represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce and sell at that price.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price within a specific time period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Increase

A rise in the quantity, size, number, or degree of something.