Which Is a True Statement About the REA Data Model

question 10

Multiple Choice

Which is a true statement about the REA data model?

• A)The REA data model classifies entities into three distinct categories.
• B)The term REA is an acronym that stands for resources,entities,and agents.
• C)Using an REA data model is not helpful when creating an R-E diagram.
• D)The term REA is an acronym that stands for resources,entities,and activities.

---

Definitions:

Payoffs

The outcomes or benefits received from a particular action or decision, often used in the context of game theory.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much they deviate on average from the mean.

Variance

A statistical measurement of the dispersion of a set of data points around their mean, indicating how spread out the data are.

Expected Value

A calculated average of all possible outcomes of a random variable, weighted by their probabilities.