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:

Estimating Mean Value

The process of calculating the average value of a set of numbers or measurements.

Predicting Individual Value

The process of estimating the monetary or intrinsic value of a specific entity or individual based on relevant parameters.

Coefficient of Determination

is a statistical measure that explains the proportion of variance in the dependent variable predictable from the independent variable(s).

API Gravity Degrees

A measurement system used to determine the density of petroleum liquids compared to water.