The Need for New Methodologies and Processing Techniques Regarding Business

question 26

Multiple Choice

The need for new methodologies and processing techniques regarding business data has arisen because _____________

• A)big data sources have become too large and complex.
• B)privacy issues related to business data sources.
• C)national security concerns regarding data sources.
• D)the lack of industry needs for big data sources.
• E)decrease in availability of data.

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Definitions:

Expected Revenue

The anticipated income from the sale of goods or services, calculated by multiplying the expected sales volume by the unit price.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or distribution from its mean.

Average Deviation

A statistical measure that describes the average distance of each data point from the mean of the data set.

Least Risky

Describes an option or decision that involves the lowest level of risk compared to alternatives.