Which of the Following Statements Is True About Operational Data

question 95

Multiple Choice

Which of the following statements is true about operational data?

• A) It is always better to have data with too coarse a granularity than with too fine a granularity.
• B) If the data granularity is too coarse, the data can be made finer by summing and combining.
• C) Purchased operational data often contains missing elements.
• D) Problematic operational data are termed rough data.

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Definitions:

Cross Elasticity

The responsiveness of the demand for one good to a change in the price of another good.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.

Substitutes

Goods or services that can be used in place of each other, where an increase in price of one leads to an increase in demand for the other.

Cross Elasticity

A measure in economics that shows how the quantity demanded for one good responds to a change in the price of another good.