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What Are the Characteristics of Big Data? Explain How Big

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What are the characteristics of big data? Explain how big data could be used to show that learning influences business outcomes.


Definitions:

Discrete Random Variable

A variable that takes on a countable number of distinct values, often used in probability theory and statistics.

Expected Value

The long-run average value of repetitions of the same experiment or process, representing the central tendency.

Laws of Expected Value

Mathematical rules that describe the properties of the expected value, highlighting how it behaves with respect to various operations like addition and multiplication.

Probability Distribution

A mathematical description of the likelihood of various outcomes from a random process.

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