________ Is the Application of Statistical Techniques to Find Patterns

question 29

Multiple Choice

________ is the application of statistical techniques to find patterns and relationships among data for classification and prediction.

• A) Data optimization
• B) Database normalization
• C) Data mining
• D) Data warehousing
• E) Data clustering

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Definitions:

Total Liabilities

The sum of all financial debts or obligations that a company owes to outside parties, recorded on the balance sheet.

Notes Payable

Liabilities in the form of written promissory notes that a business owes to others, typically payable within a year or more.

Liquidated

The process of converting assets into cash or using them to pay off liabilities in the event of bankruptcy or closing a business.

Unsecured Creditors

Creditors who have lent money without obtaining specific assets as collateral, meaning they have no special claim on the debtor's property if the debtor fails to pay.