Data Mining Is the Name for the Type of Software

question 8

True/False

Data mining is the name for the type of software that is now available to help managers make sense out of seemingly senseless masses of information contained in databases.

---

Definitions:

Central Tendency

A numerical metric that pinpoints a sole figure to typify a whole data distribution, often utilizing the mean, median, or mode.

Data

Facts and statistics collected together for reference or analysis, often used as a basis for making decisions or drawing conclusions.

Median

The middle value of a dataset arranged in order of magnitude, or the mean of the two middle values if the set has an even number of observations.

Mean

The mean of a collection of numbers, determined by summing up the values and then dividing by the total count of these values.