Which of the Following Statements A), B) or C) Is

question 31

Multiple Choice

Which of the following statements a) , b) or c) is false?

• A) The amount of data that's available today is already enormous and continues to grow exponentially-the data produced in the world in the last few years alone equals the amount produced up to that point since the dawn of civilization.
• B) People used to say "I'm drowning in data and I don't know what to do with it. With machine learning, we now say, "Flood me with big data so I can use machine-learning technology to extract insights and make predictions from it."
• C) The big data phenomenon is occurring at a time when computing power is exploding and computer memory and secondary storage are exploding in capacity while costs dramatically decline. This enables us to think differently about solution approaches.
• D) All of the above statements are true.

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Definitions:

Increase Tax Revenue

Strategies or activities undertaken by a government to enhance the amount of money it collects from taxes.

Tax Incidence

Tax Incidence refers to the analysis of the effect of a particular tax on the distribution of economic welfare, showing which group – consumers or producers – ultimately bears the burden of the tax.

Inelastic Supply

Describes a situation where the quantity supplied of a good or service is relatively unresponsive to changes in its price.

Consumers Of Food

Individuals or entities that ingest food products for nourishment and energy.