A Financial Institution's Databases Are __________ Because Every Deposit,withdrawal,loan Payment,or

question 21

Multiple Choice

A financial institution's databases are __________ because every deposit,withdrawal,loan payment,or other transaction adds or changes data,which makes data analysis __________.

• A)poor quality;unnecessary
• B)high quality;easy
• C)volatile;too difficult
• D)volatile;easy

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Definitions:

Probability Function

A function that associates a probability with each outcome in the sample space of a stochastic experiment.

Poisson Probability

A distribution showing the probability of a given number of events happening in a fixed interval of time or space.

Distribution

The way in which data points are spread out or distributed across various values.

Discrete

Refers to a type of quantitative variable that can assume a countable number of distinct values, often representing categories or counts.