What Does Big Data Refer To

question 213

Multiple Choice

What does big data refer to?

• A)Limited amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital
• B)Limited amounts of information that are often collected over time and can come from a wide variety of sources, particularly digital
• C)Copious amounts of information that are often collected over time and can come from a wide variety of sources, mostly from experts
• D)Copious amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital
• E)Copious amounts of information that are often collected in real time and can come from a wide variety of sources, mostly from experts

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Definitions:

Luxuries

Goods or services that are considered non-essential but are desired for their ability to provide comfort, convenience, or pleasure.

Elasticity Of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good.

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.