Based on the 80/20 Rule, a Company Tries to Identify

question 37

Multiple Choice

Based on the 80/20 rule, a company tries to identify and focus on the ________ of its product.

• A) occasional users
• B) heavy users
• C) competitors
• D) investors

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Definitions:

Quintillion Bytes

A unit of digital information storage that equals 10^18 bytes, often referred to as an exabyte.

Cross-tabulation Tables

A type of table in a matrix format that displays the (multivariate) frequency distribution of variables.

Categorical Data

Data that can be divided into groups or categories that are mutually exclusive and collectively exhaustive.

Data Mining

The practice of examining large pre-existing databases in order to generate new information or insights.