Systems That Focus on Making Data Collected in OLTP to Support

question 19

True/False

Systems that focus on making data collected in OLTP to support decision making are often referred to as decision support systems.

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Definitions:

Random Events

Outcomes or occurrences that are unpredictable and determined entirely by chance.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, with 1 indicating certainty.

Tree Diagram

A diagram used to show the total number of possible outcomes in a probability experiment.

Simple Events

A simple event is an outcome or event that cannot be further broken down into simpler components within the context of a probability experiment.