What Is a Major Characteristic of Data Mining

question 68

Multiple Choice

What is a major characteristic of data mining?

• A) Data mining tools are readily combined with spreadsheets and other software development tools.
• B) Because of the large amounts of data and massive search efforts, it is sometimes necessary to use serial processing for data mining.
• C) Data are often buried within numerous small large databases, which sometimes contain data from several years.
• D) The miner needs sophisticated programming skill.

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Definitions:

Variable Costs

Charges that fluctuate in accordance with the scale of production or total volume produced.

Special Equipment

Tools, machinery, or devices designed for specific tasks or operations, often requiring specialized knowledge or skills to use effectively.

Contribution Margin

The surplus of sales revenue over variable costs, showing the extent to which revenue aids in covering fixed costs and generating profit.

Financial Advantage

The benefit gained in a financial context, such as lower costs, higher revenues, or competitive superiority.