The data mining process typically has four basic steps. Which of the following describes Step $1$ with setting objectives?

Data scientists and business stakeholders work together to define a business problem or the scope for which data mining will be applied.

Data scientists identify and clean the set of data that will be used to answer pertinent questions for the business stakeholders.

Data scientists apply data mining algorithms looking for interesting data relationships, as well as deep learning techniques.

Data scientists interpret results for understandable answers to business stakeholders' questions.