McCann Systems, a Leading IT Firm, Develops a Customized Billing

question 60

Multiple Choice

McCann Systems, a leading IT firm, develops a customized billing software to meet the needs of its individual customers. In this case, the software developed by the firm is referred to as a(n) ________.

• A) vertical-market application software
• B) horizontal-market application software
• C) open source software
• D) application simulation software

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Definitions:

Explanatory Variables

Variables in a statistical model that are used to explain changes or variations in a response variable.

Regression Model

A statistical technique used to model and analyze the relationships between a dependent variable and one or more independent variables.

Pairwise Relationship

The type of analysis or comparison made between pairs of objects, observations, or data points to assess their significance or relation.

Scatterplots

Graphical representations where two variables are plotted along two axes, revealing any relationships or patterns between them.