Which of the Following Statements Is FALSE

question 40

Multiple Choice

Which of the following statements is FALSE?

• A) In cluster analysis, objects in each cluster tend to be similar to each other and dissimilar to objects in the other clusters
• B) Cluster analysis is also called classification analysis or numerical taxonomy
• C) Groups or clusters are suggested by the data, not defined a priori
• D) Cluster analysis is appropriate when the criterion or dependent variable is categorical and the independent variables are interval
• E) All of the above are true

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Definitions:

Public Choice Theory

An economic theory that studies how public decisions and policies are made, considering individuals in the public sector make choices largely based on their own interests, similar to those in the private sector.

Private Sector

The part of the economy that is owned and operated by private individuals and companies, not controlled by the state, focusing on profit generation.

Economic Organization

The structured and systematic way in which economic activity is arranged in a society, including the allocation of resources, production, and distribution of goods and services.

Economic Efficiency

The optimal distribution of resources to meet the needs and desires of a society, reducing waste and maximizing value.