Which of the Following Is Not a Problem That a Normalisation

question 13

Multiple Choice

Which of the following is not a problem that a normalisation process is designed to overcome?

• A)Repeating groups
• B)Data anomalies
• C)Missing data
• D)Data redundancies

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Definitions:

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.

Consumer Surplus

The gap between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Willing to Pay

The maximum amount a consumer is prepared to spend to purchase a good or service.

Actual Price

The price at which goods or services are sold in the market, often influenced by supply and demand.