Which of the Following Is Not an Example of the Potential

question 80

Multiple Choice

Which of the following is not an example of the potential dark side of big data?

• A)Police visits to individuals whom a computer system identified as likely to commit a crime in the future.
• B)Use of a device installed in a car to analyze driving habits.
• C)Use of a predictive modeling system that predicts life expectancy by using data about individual consumers' buying habits as well as personal and family medical histories.
• D)Use of computerized systems to filter and hire job applicants.
• E)Analyzing data from sensors installed in local parks to monitor soil moisture.

Distinguish between elastic, inelastic, and unit-elastic demand.

Predict the effects of price changes on total revenue and expenditures, given the elasticity of demand.

Understand the concept of price elasticity of supply.

Analyze the impacts of supply and demand elasticity on market equilibrium.

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Definitions:

Efficient Markets Hypothesis

A theory that suggests that financial markets are “informationally efficient,” meaning that asset prices always reflect all available information.

Actual Capital Markets

Real-world financial markets where savings and investments are transferred between suppliers who have capital and those who are in need of capital.

Statistical Measure

A quantitative representation that describes a characteristic of a data set or population, such as mean or standard deviation.

Pop-off Valve

A safety device designed to release excess pressure from a system, such as an air tank or steam boiler, to prevent over-pressurization and potential damage.