Data Mining Is

question 134

Multiple Choice

Data mining is:

• A)collecting addresses and zip codes of customers.
• B)reviewing past purchases of a product by customers.
• C)building profiles of customer segments and preparing models that predict their future purchase behavior.
• D)selecting cities for data analysis.

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Definitions:

Insurer's Liability

Represents the maximum amount a insurance company is obligated to pay to the insured under the terms of an insurance policy.

Insured

A person or entity covered by an insurance policy, receiving protection against specified risks in exchange for premium payments.

Proof of Loss

A formal statement made by a policyholder to an insurance company detailing a claimed loss's circumstances and amount.

Fire Insurance Policy

A contract between an individual or entity and an insurance company, offering protection against losses or damage from fire in exchange for premium payments.