A Common Example of Decision Trees for Business Application Is

question 26

True/False

A common example of decision trees for business application is to classify loans by likelihood of default.

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Definitions:

Avoid

To stay away from or prevent the occurrence of a situation or condition.

Negligence

The failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Auto Repair

Professional services aimed at diagnosing and fixing issues with vehicles, including maintenance, parts replacement, and cosmetic repairs.

Liability

A legal responsibility or obligation, often of a financial nature.