Big Data

question 58

Multiple Choice

Big data:

• A) requires a normalized dataset to 3^rd Normal Form.
• B) does not require a strictly defined data model.
• C) requires a strictly defined schema.
• D) requires a normalized dataset to BCNF.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at different prices.

Price Elasticity

The measure of how much the quantity demanded or supplied of a good changes in response to a change in its price. It reflects the sensitivity of consumers or producers to price changes.

Unit Price Elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.

Total Revenue

The total revenue a company earns from selling its goods or services before deducting any expenses or costs.