Which of the Following Examples Is the Result of Mining

question 29

Multiple Choice

Which of the following examples is the result of mining raw data to produce useful information?

• A) An Excel spreadsheet listing all employees and their annual salaries in a random order
• B) Netflix providing you with a list of videos you might enjoy
• C) Raw data from questionnaires given at the mall
• D) A printout of all sales taken from the register at the end of the day

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Definitions:

Leisure

Time spent away from work and essential activities where individuals engage in recreation or enjoyment.

Planned Economies

Economic systems where the government or a central authority makes all decisions regarding the production and distribution of goods and services, contrasting with market economies.

Problem Of Scarcity

The fundamental economic problem of having seemingly limitless human wants in a world with limited resources, leading to the necessity of making choices.

Microeconomics

A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.