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Equine Therapy

question 62

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Equine therapy

Identify businesses and sectors that have significantly benefited from analytics and big data.
Understand the impact of low-cost information technology and social media on the growth of crowdsourcing.
Grasp the concept of analytics in finding meaningful patterns within large datasets.
Recognize the relationship between analytics, big data, and evidence-based management.

Definitions:

Expected Profit

The forecasted financial gain from a business activity, calculated as anticipated revenue minus expected costs.

Enrollment

The process of registering or signing up for membership, courses, services, or programs offered by organizations or institutions.

Cost to Provide

The total expenses incurred by a company to deliver a product or service to a customer.

Decision Tree Analysis

A decision-making tool that uses a tree-like model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.

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