Please provide a rationale for the selection of a specific machine learning model and its potential application in addressing a given problem. There are two main methodologies for categorising objects: (A) utilising human memory and (C) employing a K-nearest neighbour algorithm.

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Use of XOR function

XOR function or exclusive OR function was introduced in Excel 2013. This function is available under excel logical functions. For the given statement, the XOR function will return true only when either of the statements is true. It returns false when both the statements are true or when both the statements are false.