When Cluster Analysis Is Also Used for Clustering Variables to Identify

question 38

True/False

When cluster analysis is also used for clustering variables to identify homogeneous groups,the units used for analysis are the variables and the distance measures are computed for all pairs of variables.

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Definitions:

Put Option

An agreement in finance allowing the owner to sell a certain quantity of an underlying asset at a set price during a specific period, without being compelled to do so.

Strike Price

The pre-determined price at which the holder of an option can buy (in the case of a call option) or sell (in case of a put option) the underlying asset.

Market Price

The prevailing selling or buying price of a service or asset in the market.

Break-Even Price

The price at which total revenues equal total costs, and the business or investor neither makes a profit nor incurs a loss.