In Clustering, a Data Mining Tool Will Find

question 28

Multiple Choice

In clustering, a data mining tool will find:

• A) new groupings within data.
• B) related predictions from existing values.
• C) several events grouped by time.
• D) new associations.
• E) forecasts for future events.

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Standards

Established criteria or benchmarks against which performance, quality, and compliance are measured.

Direct Labor Variance

The difference between the budgeted cost of direct labor and the actual cost incurred, used to assess labor efficiency and cost control in production.

Per-unit Standards

Defined benchmarks for the amount of materials, labor, and overhead costs that should be used in producing a single unit of a product.