What Does Clustering Accomplish

question 143

Multiple Choice

What does clustering accomplish?

• A)Determines values for an unknown continuous variable behavior or estimated future value.
• B)Determines which things go together.
• C)Segments a heterogeneous population of more homogeneous subgroups.
• D)Assigns records to one of a predefined set of classes.

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Definitions:

Raw Materials

The basic, unprocessed materials used in manufacturing to produce finished goods.

Work in Process

Work in process (WIP) refers to the materials and labor that are in the production process but have not yet been completed or transformed into finished goods.

Manufacturing Product

The end result of the manufacturing process, which is the production of goods in a factory.

Cost of Goods Manufactured

The total cost incurred by a company to produce goods within a specific period, including materials, labor, and overhead.