_____ Refers to Discovering Groups of Customers That Are in Some

question 15

Multiple Choice

_____ refers to discovering groups of customers that are in some way or another "similar," without using any a priori and known structures.

• A)Summarization
• B)Clustering
• C)Classification
• D)Regression

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Definitions:

Premium

The amount paid for an insurance policy, or the cost to acquire an option or financial instrument.

Declaratory Judgment

A court decision that resolves legal uncertainty for the parties involved, without requiring enforcement.

Liability Claim

A demand for compensation or remuneration made against an individual or entity responsible for causing harm or loss.

Insurance Policy

A contract between an insurer and insured, detailing the terms under which the insurer agrees to cover losses or provide benefits.