Which of the Following Is True of Data Mining

question 45

Multiple Choice

Which of the following is true of data mining?

• A) Sorting is a form of data mining.
• B) Data mining cannot be used for investment analysis.
• C) Ratio analysis is a form of data analysis, not data mining.
• D) Data mining can be used to identify all types of fraud.

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Definitions:

Variance

A measure of the dispersion or spread of a set of data points, calculated as the average of the squared differences from the mean.

Point Estimator

A point estimator is a statistic used to estimate the value of an unknown parameter of a population.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or proportion.

Sample Statistic

A numerical measure that describes an attribute of a sample of a population.