In Which Type of Data Mining Does the User Simply

question 95

Multiple Choice

In which type of data mining does the user simply tell the data mining software to uncover whatever patterns and relationships it can find in a data set?

• A)supervised  
• B)specific  
• C)comprehensive  
• D)unsupervised

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Definitions:

Third-degree Price Discrimination

A pricing strategy where a firm charges different prices to different groups of consumers for the same product, based on their willingness to pay.

Tennis Lessons

Instruction or training sessions focused on improving a person's skills and understanding of the game of tennis, offered by professionals or experienced players.

Producer Surplus

The discrepancy between the amount sellers are prepared to take for a product or service and the actual payment they get.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual market price they pay.