Answered: What is clustering? Provide two…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What is clustering? Provide two examples of clustering in the service sector.

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The task of dividing the population or data points into a number of groups such that data points in the same groups are more similar to each other data points in the same group than those in the other groups is known as clustering. In other words, clustering is a process of grouping similar objects. In case of service sector, it is process of grouping similar services or jobs.

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