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Explanation: EDA is a critical step in the data analysis process, primarily focused on understanding the dataset's structure, identifying patterns, detecting anomalies, and gaining initial insights. By utilizing graphical and statistical techniques such as histograms, scatter plots, and summary statistics, EDA helps analysts identify correlations, outliers, and potential biases in the data. This process enables better-informed decisions for subsequent modeling or hypothesis testing, ensuring a smoother analysis workflow. Option A: While data cleaning is essential for EDA, it is only a preparatory step rather than its primary objective. Option C: Machine learning deployment follows EDA as it requires a well-understood dataset for optimal performance. Option D: Hypothesis validation falls under inferential statistics, which often uses EDA insights but is not EDA’s core function. Option E: Data privacy is vital but unrelated to the specific goals of EDA.
Match the following
If elasticity is ‘e’, and price of the product is B, MR=?
Among the following production functions which one is having decreasing returns to scale
Which of the following statements is not true regarding CIBIL?
When the slope of average cost is negative then which of the following holds true?
Any straight-line supply curve that intersects the vertical axis above the origin has an elasticity of supply
If coefficient of correlation rxy= 1, then
Which one of the following is not an assumption of Classical Linear Regression Model
The demand curve of a monopolist is_____.