In Cluster Analysis It Is Especially Dangerous If the Ranges

question 43

True/False

In cluster analysis it is especially dangerous if the ranges of the variables are dramatically different.

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Definitions:

Loss

The state of experiencing a decrease in financial resources or value, often as a result of a business operation, investment failure, or theft.

Break-even Selling Price

The price at which a product must be sold to cover all associated costs of production without making a profit or a loss.

Discounted Price

The final price of a product after applying a discount to its original price.

Operating Expenses

The costs associated with running the day-to-day operations of a business, excluding the costs of goods sold.