What Is the Process of Analyzing Data to Extract Information

question 95

Multiple Choice

What is the process of analyzing data to extract information not offered by the raw data alone?

• A) Data integrity
• B) Data mart analysis
• C) Data mining
• D) Data extraction

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Definitions:

Exponential Service

A service mechanism in which the service times follow an exponential distribution, commonly used to model random service processes in queueing theory.

Monte Carlo Analysis

A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.

Computerized Model

A digital simulation that uses computer algorithms and programming to replicate the behavior or performance of a physical, financial, or biological system.

Monte Carlo Analysis

A statistical technique that uses random sampling and numerical experiments to estimate mathematical functions and simulate the behavior of complex systems.