Data That Is Collected, Stored, and Analyzed in Data Mining

question 14

True/False

Data that is collected, stored, and analyzed in data mining is often private and personal. There is no way to maintain individuals' privacy other than being very careful about physical data security.

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Definitions:

Cost Center

A department or function within a business that does not directly contribute to profit but incurs costs, used for performance evaluation and budgeting.

Physical Units Method

An approach to allocating joint costs based on the number of physical units produced at a certain stage in manufacturing.

Market Values

The current price at which an asset or service can be bought or sold in the marketplace.

Indirectly Related

Refers to items or factors that have a secondary or less direct connection or relationship.