Applications of Big Data in the Real World Might Include

question 3

Multiple Choice

Applications of Big Data in the real world might include which of the following?

• A)Improving customer retention rates
• B)Dealing with negative word of mouth
• C)Creating personalized promotions
• D)All of these are valid applications of Big Data.
• E)Only b and c are valid examples of Big Data.

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Definitions:

Gross Investment

The total amount of money spent on new capital assets, such as buildings and machinery, without deducting for depreciation.

Capital Stock

Capital stock represents the sum of all physical and financial assets owned by a company or country, used to facilitate production and operations.

Depreciation

The method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up.

Gross Investment

The total amount of money spent on capital goods over a specific time period without accounting for depreciation.