Which of the Following Scenarios Would Most Likely Rely on Big

question 173

Multiple Choice

Which of the following scenarios would most likely rely on Big Data? Choose two.

• A) Evaluating applications for disability benefits
• B) Calculating a student's course average
• C) Calculating traffic delays during rush hour
• D) Budgeting for a home renovation

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Definitions:

Fiscal Year

A 12-month period that businesses and governments use for accounting purposes, which may or may not align with the calendar year.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not under direct governmental control.

Excess Burden

The economic inefficiency that arises when market behavior is altered due to a tax or subsidy, leading to a loss in economic welfare beyond the tax collected or subsidy paid.