Chapter 1 Highlights Sabre, Salesforce, and Google as Information Products

question 28

Essay

Chapter 1 highlights Sabre, Salesforce, and Google as information products that have achieved success in the Internet economy.Identify another product that is composed of information and that can be accessed over the Internet.Explain the nature of the product and the appeal it has to users.

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Definitions:

Probability Distribution

A function dedicated to evaluating the chances of different potential results within an experiment's context.

Population Parameters

Quantitative characteristics of a population, such as mean or standard deviation, that are usually unknown and estimated from samples.

Nonparametric Methods

Statistical methods that are not based on parameterized families of probability distributions and are used when data doesn't fit standard distributions.

Ordinal Data

A type of categorical data where the categories have a natural order or sequence but the intervals between the categories are not necessarily uniform.