A Company That Compiles and Uses Large Amounts of Data

question 34

Multiple Choice

A company that compiles and uses large amounts of data to understand its customers is likely to have a ________ to store and process its data.

• A) distribution center
• B) data warehouse
• C) competitive intelligence center
• D) custom research project
• E) marketing research department

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Definitions:

Sample Data

Data collected or selected from a larger population, used in statistical analysis to make inferences about the population.

Variance

A statistical measurement of the spread between numbers in a dataset, indicating how much they differ from the mean of the set.

Population

The entire group of individuals or instances about whom we wish to make conclusions in a statistical study.

Standard Deviation

A statistical index that signifies the distribution of data points around the mean of a dataset.