Information: These are the processed data that increase the information of the individual using it. Data are useless in their present form so it is preprocessed and represent it as the information to the user. It is converted into the meaningful form during the processing phase of the information processing cycle. Value of information: It is the price a decision maker would be willing to pay for information before making a decision.

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Chapter 6, Problem 6RQ

Program Plan Intro

Information:

These are the processed data that increase the information of the individual using it.

Data are useless in their present form so it is preprocessed and represent it as the information to the user.

It is converted into the meaningful form during the processing phase of the information processing cycle.

Value of information:

It is the price a decision maker would be willing to pay for information before making a decision.

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