By Analyzing Ticket Sales, the Managers of a Soccer Stadium

question 86

Multiple Choice

By analyzing ticket sales, the managers of a soccer stadium discovered that sales increased by almost 80 percent in the seasons it held an open house prior to the opening game and allowed people to view the game from the box seats. In the context of data mining, the management discovered a(n) _____.

• A) affinity pattern
• B) sequence pattern
• C) data cluster pattern
• D) extrapolative pattern

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Definitions:

Beginning Inventory

The value of goods available for sale at the start of an accounting period.

Production Needs

The requirements necessary to manufacture products, including materials, labor, and machinery.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.

Cash Collections

The process of gathering all cash payments received from customers during a specific time period.