In Terms of Big Data What Is Volume

question 342

Multiple Choice

In terms of big data what is volume?

• A)Includes different forms of structured and unstructured data.
• B)Includes the uncertainty of data, including biases, noise, and abnormalities.
• C)Includes the scale of data.
• D)Includes the analysis of streaming data as it travels around the Internet.

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Definitions:

Price Charged

The amount of money a buyer has to pay to acquire a product or service from a seller.

Marginal Revenue

The revenue that a company gains by selling an additional unit of a product, indicating the income effect of increasing output by one unit.

Marginal Cost

The additional financial burden of creating another unit of a product or service.

Price Elasticity

The extent to which consumer demand for a good changes in response to a change in the good's price, represented by the ratio of percentage change in demand to percentage change in price.