Explain the importance of data mining

Assignment Help Basic Statistics
Reference no: EM131755739

Analyze data mining and explain the importance of data mining, and examine its implementation in four real-world scenarios.

Reference no: EM131755739

Questions Cloud

The enforceability of their loan agreement : Advise Bravo bank Ltd on the enforceability of their loan agreement with Michael.
What have been the responses of indigenous religious people : What have been the responses of the indigenous religious people, and what possibilities are there for the future? our response should be at least 150 words.
What will be the impact on the company in the future : Abdullah completed a cost-volume-profit analysis for Al Tawfiq Company for the next year. Abdullah notes the decrease in volumes and prepares the breakeven.
What role do vows play in the life of a lay jain person : What role do vows play in the life of a lay Jain person and how do those vows affect their lives outside of the Jain community?
Explain the importance of data mining : Analyze data mining and explain the importance of data mining, and examine its implementation in four real-world scenarios.
What did radio shack planned which make them fail : What did radio shack planned which make them fail their business and what did best buy planned which make them succeed in business?
Here how we can protect africa internet freedom : Here how we can protect Africa internet freedom. Much to the dismay of the government in Addis Ababa, “Zone 9” has become a household name in Ethiopia.
What is point of reflective writing in an academic setting : What is the point of reflective writing in an academic setting? Examine why you think the way you do and thereby provides a learning experience.
Determine the project approximate internal rate of return : JB Chemical currently discharges liquid waste into Calgary's municipal sewer system. However, the Calgary municipal government has informed JB.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimate the mean electricity consumption

How would you allocate a sample of 900 observations if you want to estimate the mean electricity consumption for all households in the city?

  What are the steps in the construction

what are the steps in the construction

  Test for the independence between the disease and exposure

Find a 95% confidence interval for the odds ratio measuring the strength of the relationship between the disease and the exposure. Test for the independence between the disease and the exposure.

  National figures reveal that the probability that a

national figures reveal that the probability that a youthful offender on probation will commit another crime is 0.80. a

  Confidence interval for the population mean

We took a random sample of 25 customers and found a mean waiting time of 22 minutes with a standard deviation of 6 minutes. We want to construct a 99% confidence interval for the population mean of such waiting times.

  Indicate whether the data are a time series or a cross

indicate whether the data are a time series or a cross section.number of cars sold in a dealership each day in

  Determine coefficient of determination for regression

Determine the coefficient of determination for this regression problem and comment on its capability to predict outcome.

  Do students at various colleges differ in how sociable they

Do students at various colleges differ in how sociable they are? Twenty-five students were randomly selected from each of three colleges in a particular region and were asked to report on the amount of time they spent socializing each day with other ..

  Level of significance and describe the difference

Do the data indicate a significant difference between the frequency distributions for male and females? Test at the .05 level of significance and describe the difference.

  Find confidence interval

find confidence interval for the difference between the mean original price per item and the similar mean for customers who purchase something.

  Give a point prediction and a prediction interval

Run a simple linear regression of these five pairs of numbers and estimate a linear relationship between income and percentage growth in wealth.

  Estimate the average amount of an account

An accountant wants to estimate the average amount of an account of a ser- vice company. A random sample of 46 accounts yields x = $16.50 and s = $2.20. Give a 95% con?dence interval for the average amount of an account.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd