The ________ Are the Initial Starting Points in Nonhierarchical Clustering

question 18

Multiple Choice

The ________ are the initial starting points in nonhierarchical clustering.

• A) factor loadings
• B) factor scores
• C) cluster centers
• D) cluster centroids

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Definitions:

Average Total Cost

The total cost divided by the number of goods produced, representing the per-unit cost of production.

Profit-Maximizing Monopoly

A market condition where a single seller dominates, aiming to achieve the highest possible profit by controlling prices and output.

Total Profit

The total income of a business after all expenses and costs have been deducted from its total revenue.

Optimum Efficiency

The state in which resources are allocated in the most efficient manner possible, maximizing outputs while minimizing wastes and costs.