Which of the Following Forms of Data Mining Assigns Records

question 115

Multiple Choice

Which of the following forms of data mining assigns records to one of a predefined set of classes?

• A)Clustering
• B)Classification
• C)Estimation
• D)Affinity grouping

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Definitions:

Average Variable Cost

The total variable costs divided by the quantity of output produced, indicating the variable cost of producing each unit.

Marginal Cost

The price of manufacturing an additional unit of a product or service.

Shutdown

A short-term decision by a company to cease operations due to unfavorable market conditions, aiming to minimize losses.

Short-Run Supply Curve

A graph that shows the relationship between the price of a good and the quantity of that good supplied by producers over a short period, where some inputs are fixed.