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Which of the following is not a classification style business problem? Predicting the sale price of a vehicle based on some factors. Predicting whether a borrower is likely to default or not default on a loan. Determining membership of groups of customers of a supermarket based upon products purchased. Predicting whether or not a transaction is fraudulent.

Which of the following is not a classification style business problem? Predicting the sale price of a vehicle based on some factors. Predicting whether a borrower is likely to default or not default on a loan. Determining membership of groups of customers of a supermarket based upon products purchased. Predicting whether or not a transaction is fraudulent.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Which of the following is not a classification style business problem? Predicting the sale price of a vehicle based on some factors. Predicting whether a borrower is likely to default or not default on a loan. Determining membership of groups of customers of a supermarket based upon products purchased. Predicting whether or not a transaction is fraudulent.
Transcribed Image Text:Which of the following is not a classification style business problem? Predicting the sale price of a vehicle based on some factors. Predicting whether a borrower is likely to default or not default on a loan. Determining membership of groups of customers of a supermarket based upon products purchased. Predicting whether or not a transaction is fraudulent.
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