What Are the Costs Associated with Data? When Is Data

question 21

Essay

What are the costs associated with data? When is data considered to be worth its cost?

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Definitions:

Mediated Norm

Social norms and behaviors that are influenced and shaped by media consumption, reflecting the impact of media on cultural standards and expectations.

Narrow Range

Refers to a limited scope or selection within a particular category or field.

Mass Advertising

A type of marketing strategy that targets a large audience through various mediums in order to promote products or services.

Upper-Middle-Class

A socioeconomic group characterized by higher income, education, and professional occupations than the average, usually situated between the middle and upper classes.