What Is the Basic Idea of the Decision Tree Technique

question 31

Multiple Choice

What is the basic idea of the decision tree technique?

• A)to analyze and rank customers according to their purchasing patterns
• B)to select attributes that are most useful for classifying entities on some criterion
• C)to determine annual sales patterns
• D)to capture,store,analyze,and display geospatial data

Identify cognitive biases and their influence on decision making and judgment.

Understand the limitations of expert predictions and the role of overconfidence.

Recognize the characteristics and implications of various language and speech disorders.

Understand procedural approaches to problem-solving, including algorithmic strategies.

---

Definitions:

Utility Function

A mathematical representation that ranks consumer preferences over a set of goods or services, often leading to an optimal choice.

Consumption

The usage of goods and services by households or individuals, forming a major component of aggregate demand in an economy.

Income

Income refers to the money received by an individual or entity, typically in the form of wages, salaries, or returns from investments, over a specified period of time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.