The Collection and Analysis of Massive Amounts of Data, with the Goal

question 39

Multiple Choice

The collection and analysis of massive amounts of data, with the goal of measuring aspects of people's behavior is referred to as

• A)marginal utility.
• B)big data.
• C)mega processing.
• D)the Internet of Things.

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Definitions:

Property Loss

Property loss refers to the damage or destruction of property, leading to a financial loss to the owner or insured party.

Adverse Selection

This occurs when there is a lack of symmetric information prior to a deal, leading parties with higher risk to be more likely to engage in an agreement, notably impacting insurance and finance markets.

Reckless Drivers

Individuals who operate vehicles in a careless or heedless manner without regard for the rules of the road or the safety of others.

Safety Devices

Tools or technologies designed to prevent accidents, injuries, or other hazardous outcomes in various environments.