Which of the Following Best Describes the Similarity Matching Approach

question 20

Multiple Choice

Which of the following best describes the similarity matching approach to data analytics?

• A) An attempt to assign each unit (or individual) in a population into a few categories.
• B) An attempt to identify similar individuals based on data known about them.
• C) An attempt to divide individuals into groups in a useful or meaningful way.
• D) An attempt to discover associations between individuals based on transactions involving them.

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Definitions:

Expected Number

The calculated average or mean value of a numeric dataset, predicting the central value around which other values tend to cluster.

Customers In Service

The number of customers currently being served or assisted in a service-based business or setting.

Probability

The measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

System

A set of connected elements or components that function together as a complex whole, often described in terms of inputs, processes, outputs, and feedback.