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Deciding What Information to Store and How to Represent It

question 68

Multiple Choice

Deciding what information to store and how to represent it is known as:


Definitions:

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, providing a measure that reflects their contributions.

Probability Distribution

A statistical function describing the likelihood of various outcomes in an experiment.

Expected Value

A statistic that represents the average outcome of a set of events, weighted by the likelihood of each event.

Probability Distribution

A computation in statistics identifying each possible outcome and its probability for a random variable within a specified range.

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