Which Is a True Statement About the REA Data Model

question 4

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 "E" in the REA data model stands for things that have an economic value to the organization.

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Definitions:

Measures of Variability

Statistical metrics that describe the spread or dispersion within a data set, including range, variance, and standard deviation.

Coefficient of Variation

A normalized measure of the dispersion of a probability distribution or frequency distribution, often used to compare the degree of variation from one data series to another.

Standard Deviation

A measure of the dispersion or spread of a set of numbers, indicating how much variation there is from the average.

Standard Deviations

An indicator of how widely values in a dataset are spread out from the average, showing the degree to which these numbers vary from their mean.