Question 1: Present an example where data mining is crucial to the success of a business. What data mining function does this business need? Can they be performed alternatively by data query processing or simple statistical analysis?
Question 2: Define each of the following data mining functionalities: characterization, discrimination, association and correlation analysis, classification, prediction and clustering. Give examples of each data mining functionality, using a real-life database with which you are familiar.
Question 3: What are the major challenges of mining a huge amount of data (such as billions of tuples) in comparison with mining a small amount of data (such as a few hundred tuple data set)?