Determine Which Is the Best Approach for Each Problem

question 5

Multiple Choice

Determine which is the best approach for each problem.
-What attribute similarities group customers holding one or several insurance policies?

• A)supervised learning
• B)unsupervised clustering
• C)data query

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Definitions:

August

The eighth month of the year in the Gregorian calendar.

Full Settlement

Full settlement is the process of completely resolving an obligation or debt through payment or another agreed-upon method, leaving no outstanding amounts.

Discount Period

The time frame in which a discount is offered for early payment on goods or services, or the period before a financial instrument reaches maturity.

Full Settlement

A financial agreement where all claims or debts between parties are resolved by paying a single lump sum.