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Rasek [7]
2 years ago
7

It is desired to partition customers into similar groups on the basis of their demographic profile. Which data mining problem is

best suited to this task
Business
1 answer:
ankoles [38]2 years ago
8 0

Answer: Clustering

Explanation:

Data mining simply has to do with getting of usable data which are extracted simply from raw data. The data mining problem that is best suited to this task is clustering.

Clustering simply means when structures are found in data which are usually thesame. Since we want to partition customers into similar groups on the basis of their demographic profile, clustering will be used.

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A(n) _____ is a service offered by mutual funds that helps an investor earn compound interest on their investments
nordsb [41]

An automatic reinvestment plan  is a service offered by mutual funds that helps an investor earn compound interest on their investments

Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.

They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.

To know more about automatic reinvestment plan refer to the link brainly.com/question/15850134?referrer=searchResults.

To know more about Automatic Investment Plan refer to the link  brainly.com/question/3463363?referrer=searchResults.

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4 0
1 year ago
An advertising agency conducted a research to analyze the effects of advertising on the buying behavior of consumers. It was fou
Feliz [49]

Answer:

There is a positive linear relationship between the frequency of advertising and the sales of the advertised product.

Explanation:

A linear relationship is stablished between 2 quantitative variables that have constant proportionality. In this case, the variables are directly proportional to eachother as they move in the same direction. In addition, they are both increasing. So, we can conclude these variables have a positive linear relationship.

8 0
3 years ago
Contrary to recommendations by consumer credit counselors, most consumers don’t keep written track of their purchases, relying i
Viktor [21]

Answer:

mental budgeting

Explanation:

This is an example of mental budgeting because mental budget reduce the resistance that consumers feel when buying more than one item.

If you have a wide range of products, especially the spectrum of "serious", from need to fun then you can promote purchases in the mix  categories.

so answer is mental budgeting

5 0
3 years ago
It costs Bluffton Company $18.20 of variable costs and $7.80 of fixed costs to produce its product that sells for $39. Cointreau
Vikentia [17]

Answer:

increase by $15,600

Explanation:

Fixed cost remains constant throughout a period. If production is through the use of idle capacity, fixed cost will not change.

Change is income will result from the total contribution margin realized from the special order.

The total contribution margin is the contribution margin per unit multiplied by total units.

Contribution margin per unit = special offer price - variable costs

=$23.40- $18.20

=$5.20

change in income will be $5.20 x 3000

=$15,600 increase

6 0
2 years ago
_________ refers to the number of products or services that consumers will purchase at varying cost at a given time.
bulgar [2K]

Demand refers to the number of products or services that consumers will purchase at varying costs at a given time.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

Demand is the number of goods or services that customers will buy at various price points at a particular time period. Demand for anything or service indicates that people prefer it and are capable of paying for it based on their needs and desires.

Learn more about a product, here:

brainly.com/question/13117735

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3 0
1 year ago
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