All of the following statements about data mining are true EXCEPT
the process aspect means that data mining should be a one-step process to results.
<u>Explanation:</u>
When you are in a need to find the patterns in a data set which is very large, then the process called data mining can be used. The methods like machine learning, database and statistics are used in finding patterns. Data mining helps in getting some useful information from a large set of data.
Hence, with the method of data mining we can discover the patterns that exists in a given data set and that are not known already. It helps in obtaining some useful information that can be utilized in various business aspects. It does not involve single step in finding patterns in data set and the patterns that are discovered with this data mining will be true which is its noble aspect.
Answer:
4.16%
Explanation:
to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):
future value = present value x (1 + r) ⁿ
- future value = 900
- present value = 450
- n = 17
- r = ?
900 = 450 (1 + r)¹⁷
(1 + r)¹⁷ = 900 / 450 = 2
1 + r = ¹⁷√2 = 1.0416
r = 1.0416 - 1 = 0.0416 or 4.16%
Answer:
<em>It passes by probate to the deceased tenant's heirs.</em>
Explanation:
Probate is the legal process of handing over control of properties from the name of a deceased person to the names of recipients.
It also guarantees that creditors may make reimbursement demands from the estate of the deceased, and that final tax returns are filed, including a tax return on the estate if the estate is big enough.
Answer:
Because fixed costs will not change, the overall effect on the company's monthly net operating income will be equal to the contribution margin of the product once the new component is added.
Explanation:
The contribution margin is equal to: Revenue - Variable Costs.
We already know that the variable cost will be increased by $50 once new component is added, and that monthly sales are expected to increase by 500 units after that.
Depending on the price of the product, the amount sold, and the variable costs, we get the contribution margin, and this contribution margin will be exactly the same as the overall effect on the net operating income.
Answer:
Contractionary monetary policy usually results in:
- lower money supply
- higher interest rates
- lower inflation rates
- lower investment rates
- lower nominal gross domestic product
- higher unemployment
- decrease in consumer spending
- aggregate demand curve shifts to the left
