Big Data Does Not Refer to

question 83

Multiple Choice

Big data does not refer to

• A) datasets with fewer than a billion records.
• B) datasets with unstructured data.
• C) machine-generated data (i.e. from sensors).
• D) data created by social media (i.e. tweets, Facebook Likes).

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Definitions:

Commodity 2

Typically refers to a basic good used in commerce that is interchangeable with other goods of the same type.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type, typically referred to when discussing market transactions.