The Objective Function in K-Means Clustering Attempts to

question 24

Multiple Choice

The objective function in k-means clustering attempts to

• A) minimize the sum of within-cluster dispersions for all clusters
• B) minimize the sum of between-cluster dispersions for all clusters
• C) maximize the sum of within-cluster dispersions for all clusters
• D) maximize the sum of between-cluster dispersions for all clusters

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Definitions:

Marginal Revenue

The additional income that is generated by selling one more unit of a product or service.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Average Variable Cost

The total variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Profit Maximization

The method used by a company to establish the price and quantity of production that generates the maximum profit.