Technologies Such as Radio Frequency Identification (RFID)and Smartphones Are Fueling

question 14

Multiple Choice

Technologies such as radio frequency identification (RFID) and smartphones are fueling explosive growth in the amount of data available for businesses to process.This data can provide real business value,but the challenge is ____.

• A)how to deliver the data to resources for analysis
• B)how to store and protect the data against loss
• C)how to manage and evaluate the data to gain business knowledge
• D)All of the above

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Definitions:

Statistic

A numerical value that describes a characteristic of a sample.

Parameter

A measurable characteristic that defines or constrains an operation or calculation in mathematical or statistical modeling.

Parameter

A value that summarizes a characteristic of a population or a model, such as its mean or variance.

Health Insurance Plan

A contract or policy that provides individuals with reimbursement or direct payment for healthcare services, often spreading the risk across a large group of people.