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What is data mining?
What is data mining?
- The process of encrypting data for secure storage
- The process of creating new data from existing datasets
- The process of storing and organizing data in a database
- The process of sifting through and analyzing vast amounts of data to extract hidden patterns and meaning (correct)
What are some areas where data-mining techniques are used?
What are some areas where data-mining techniques are used?
- Medicine, engineering, architecture, and agriculture
- Physics, astronomy, chemistry, and geology
- Mathematics, cybernetics, genetics, and marketing (correct)
- Economics, sociology, anthropology, and linguistics
What was the example of a short-term payoff from data mining mentioned in the text?
What was the example of a short-term payoff from data mining mentioned in the text?
- Discovering new residential customers through extensive data analysis
- Identifying small businesses disguising as residential customers to avoid higher phone service rates (correct)
- Locating inconsistencies in mortgage payments for tax evasion purposes
- Identifying high-spending residential customers for targeted marketing
How are massively parallel database computers utilized in handling vast databases?
How are massively parallel database computers utilized in handling vast databases?
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What is the purpose of data-mining techniques mentioned in the text?
What is the purpose of data-mining techniques mentioned in the text?
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