What Is a Technique Used to Divide an Information Set

question 22

Multiple Choice

What is a technique used to divide an information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?

• A) Association detection
• B) Market basket analysis
• C) Cluster analysis
• D) Intelligent agent

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Definitions:

Reserve Ratio

The fraction of deposits that banks hold as reserves.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase, unlike credit cards that borrow funds that need to be repaid.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them later.

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to influence economic activity.