If You Are Performing Cluster Analysis on the Same Data

question 56

Multiple Choice

If you are performing cluster analysis on the same data using different distance measures and then comparing the results across measures to determine stability of the solutions,you are at which stage of the cluster analysis process?

• A) interpreting and profiling the clusters
• B) deciding on the number of clusters
• C) assessing reliability and validity
• D) selecting a clustering procedure

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Definitions:

Cost of Sale

The direct costs attributed to the production of the goods sold by a company.

Merchandise Inventory

Goods that a company has in stock and available for sale, listed as an asset on the balance sheet.

Periodic Inventory System

A periodic inventory system is a method of inventory valuation where a physical count of inventory is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.

Accounts Payable

Liabilities or amounts owed by a company for goods or services that have been received but not yet paid for.