Online Transaction Processing (OLTP)is the Capturing of Transaction and Event

question 321

Multiple Choice

Online transaction processing (OLTP) is the capturing of transaction and event information using technology to _____________.

• A) update existing information to reflect the new information
• B) store the information
• C) process the information according to defined business rules
• D) All of these choices

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Definitions:

Point Estimate

A single value or statistic that serves as the best guess or most probable value of an unknown population parameter.

Population Parameter

A numerical value that summarizes a characteristic of an entire population.

Random Sampling

A method in statistical analysis where individuals or items are selected from a larger population entirely by chance, ensuring that every member has an equal opportunity of being chosen.

Convenience Sampling

A non-probability sampling method where participants are selected based on their availability and proximity to the researcher.