Scenario: Sarah Has to Choose Between Renting a Hotel Room

question 9

Multiple Choice

Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 days.
-Refer to the scenario above.Which of the following is true if Sarah is optimizing using total value?

• A) She will rent the hotel room for 3 days if the net benefit of staying for the third day is negative.
• B) She will rent the hotel room for 3 days if the cost of staying for 2 days exceeds the cost of staying for 3 days.
• C) She will rent the hotel room for 3 days if the net benefit of staying for 3 days exceeds the net benefit of staying for 2 days.
• D) She will rent the hotel room for 3 days if the total benefit of staying for 3 days exceeds the total benefits of staying for 2 days.

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Definitions:

Metadata

Data that provides information about other data, often used for describing contents, quality, condition, and other characteristics.

Data Quality

Refers to the condition of a set of values of qualitative or quantitative variables that are accurate, reliable, and relevant for making decisions.

Relational Database

A relational database is a type of database that organizes data into tables which can be linked—or related—based on data common to each.

Data Hierarchy

Data hierarchy is a systematic organization of data, often in a hierarchical form, that starts with the smallest unit of data and aggregates up to more complex forms like databases or data warehouses.