Using a Packaged Data Model, Projects Take Less Time and Cost

question 75

Multiple Choice

Using a packaged data model, projects take less time and cost because:

• A) less personnel are required.
• B) essential components and structures are already defined.
• C) there is more time taken to model the enterprise.
• D) packaged data models only run in Oracle.

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Definitions:

Population standard deviation

The square root of the variance of a population, which measures the dispersion of a set of values relative to their mean.

Margin of error

An expression of the amount of random sampling error in a survey's results. It represents the range within which the true value lies, based on a certain confidence level.

Sample mean

The average of a set of data points or observations taken from a larger population.

Checkout times

The duration or period it takes for a customer to complete a purchase transaction from start to finish.