Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Question
Chapter 1, Problem 1MCQ
To determine
Identify the appropriate answer for the given statement from the given choices.
Expert Solution & Answer
Answer to Problem 1MCQ
Option b.
Explanation of Solution
Big data: The data analytics is also known as big data when the data has a large size. It is described with the help of three Vs which are volume, velocity and variety.
a.
This is not the correct choice as the big data is described by three Vs which are volume, velocity and variety and not volume, velocity, and variability.
b.
This option is correct because volume refers to the large size of data, velocity refers to the speed of processing data and variety refers to the different types of data.
c.
This option is incorrect as the big data is described by three Vs which are volume, velocity and variety and not volume, volatility, and variability.
d.
This is incorrect option because the big data is described by three Vs which are volume, velocity and variety and not variability, velocity and variety.
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Chapter 1 Solutions
Data Analytics For Accounting
Ch. 1 - Prob. 1MCQCh. 1 - Prob. 2MCQCh. 1 - Prob. 3MCQCh. 1 - Prob. 4MCQCh. 1 - Prob. 5MCQCh. 1 - Prob. 6MCQCh. 1 - Prob. 7MCQCh. 1 - Prob. 8MCQCh. 1 - Prob. 9MCQCh. 1 - Prob. 10MCQ
Ch. 1 - Prob. 1DQCh. 1 - Give an example of how Data Analytics creates...Ch. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQCh. 1 - Prob. 7DQCh. 1 - Prob. 8DQCh. 1 - Prob. 9DQCh. 1 - Prob. 10DQCh. 1 - Prob. 11DQCh. 1 - Prob. 12DQCh. 1 - To address the question Will I receive a loan from...Ch. 1 - Download and consider the data dictionary file...Ch. 1 - Download and consider the rejected loans dataset...Ch. 1 - Prob. 3PCh. 1 - Prob. 4PCh. 1 - Consider the 2013 declined loan data from...Ch. 1 - Consider the 2013 declined loan data from...
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