________ Uses Mathematical Algorithms to Find Patterns, Trends, and Relationships

question 37

Short Answer

________ uses mathematical algorithms to find patterns, trends, and relationships among data, such as customer purchasing patterns.

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Definitions:

Major Loss

A significant financial setback or damage, often used in the context of insurance, investments, or business operations.

Random Variable X

A specific random variable denoted by "X", representing a numerical outcome of a random process.

Managerial Positions

Roles within an organization that are responsible for overseeing, directing, and planning the work of others and making strategic decisions.

Expected Value

The average outcome of a random variable, calculated as a weighted average of all possible values.