How Does Data Analytics Play a Vital Role in Today's

question 1

Multiple Choice

How does data analytics play a vital role in today's business world?

• A)By allowing data to be organized into predefined tables and fields.
• B)By defining three main categories of classes that help organize a company's data structure models.
• C)By examining data to generate models for predictions of patterns and trends.
• D)By capturing the ever-increasing transaction activity of large companies.

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Definitions:

Professional Basketball Game

An organized, competitive basketball contest played by professionals in a league, often characterized by high skill levels and entertainment value.

Deadweight Loss

A loss in economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type.

Tax

a financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund public expenditures.