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RRR Is an Insurance Company Which Maintains an Extensive Database

question 35

Multiple Choice

RRR is an insurance company which maintains an extensive database of its customer transactions over the last 10 years. RRR is developing a new product and has carried out a SWOT analysis. Within which of the following aspects of the SWOT analysis would RRR include its customer database?

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Definitions:

Interquartile Range

A measure of variability, calculated by subtracting the first quartile from the third quartile of a data set.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.

Range

Range is the difference between the highest and lowest values in a set of data, providing a measure of the spread or dispersion of the values.

Median

The middle value in a data set when the numbers are arranged in ascending order.

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