Data Mining Techniques and Intelligent Agents Are Similar in That

question 6

Multiple Choice

Data mining techniques and intelligent agents are similar in that they

• A) are both used for hypotheses testing.
• B) both have the ability to learn.
• C) are goal directed.
• D) both build models from data.

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Definitions:

Equilibrium Price

The price at which the supply of an item equals the demand for it, resulting in no excess supply or demand.

Binding Price Ceiling

A maximum price set by the government below the equilibrium price, leading to shortages as the demand exceeds supply.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price within a specified time period.