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Data-Mining Tools Use Heuristic Techniques to Process Data to Find

question 54

True/False

Data-mining tools use heuristic techniques to process data to find hidden patterns and relationships among the data.


Definitions:

Selling Price

The amount for which a product or service is sold to the customer.

Unit Cost

The expenditure involved in generating, keeping, or obtaining one unit of a product or service.

Overhead

An ongoing expense of operating a business, such as rent, utilities, and salaries.

Break-even Price

The price level at which the revenues for a product or service equal the costs, resulting in neither profit nor loss.

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