What Is Clustering

question 66

Multiple Choice

What is clustering?

• A)Determination of values for an unknown continuous variable behavior or estimated future value.
• B)Determination of which things go together.
• C)Segmentation of a heterogeneous population of more homogeneous subgroups.
• D)Assignment of records to one of a predefined set of classes.

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Definitions:

Open Mail

The process or act of receiving and processing mail, not specific to financial or accounting terminology.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing an entity’s bank account records to its financial statements.

Cashier Deposits

Refers to the funds that cashiers collect and deposit into the business's bank account, typically part of daily sales transactions.

Bonded Employees

Employees who have been guaranteed by a bonding company against theft or misconduct, offering protection to the employer.