Data Gathered from Various Telecommunication Companies (E

question 2

Multiple Choice

Data gathered from various telecommunication companies (e.g.cable, phone, internet service providers) and utility companies (electric, fuel, etc.) were merged into
One data warehouse.Below are some of the variables for which data were collected.
Which is/are transactional?

• A)Type of cell phone plan.
• B)Zip code.
• C)Household income.
• D)Both A and B

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Definitions:

Loan

A sum of money borrowed by one party from another, subject to repayment of the principal amount with interest.

Amortized

The process of gradually writing off the initial cost of an asset over a period.

Interest Paid

This is the amount of money paid by a borrower to a lender in return for the use of borrowed money, usually expressed as a percentage of the principal.

Effective Rate

The actual interest rate an investor earns or pays on an investment or loan, taking into account the effect of compounding.