In Terms of Big Data, What Is Variety

question 106

Multiple Choice

In terms of big data, what is variety?

• A) Different forms of structured and unstructured data
• B) Uncertainty of data, including biases, noise, and abnormalities
• C) Scale of data
• D) Analysis of streaming data as it travels around the Internet

Evaluate the influence of external framing and cognitive shortcuts on decision-making processes.

Understand the paradox of choice and its implications for decision satisfaction.

Define and identify the impact of mental sets on solving problems.

Recognize the role of restructuring and insight in overcoming problem-solving obstacles.

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Definitions:

Probability

A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1.

Expected Loss

An estimate of the amount of money or value that may be lost in an investment or venture, considering the probability of various outcomes.

Flood Plain

A flat area of land near a river or stream that is subject to flooding during periods of high discharge.

Probability

The quantification of the probability that an event will take place.