Question: In the final step of data processing, how would data reduction facilitate decision analysis? Give an example.

In the final step of data processing, how would data reduction facilitate decision analysis? Give an example.

Step by Step Solution

★★★★★

3.45 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Data reduction in the context of data processing involves the process of selecting condensing or summarizing large datasets to obtain a smaller more manageable subset of data This reduction in data vo... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Business Intelligence and Analytics Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

From the time the Ohio Farm Bureau Federation sold its first automobile insurance policy in 1926 until today, the company has continually expanded its operations. By 1955, the company had so outgrown...

Olde World Windows and Doors is a manufacturer of steel windows and doors for both residential and commercial applications. The following problems are decisions that senior management faces in...

images is our lesson. Read the 4th-7th images for better understanding. WEEK 2 TLE 8 -Computer System Servicing - LEARNING TASKS Basahing mabuti ang mga aralin sa Leap Week 2. Sagutan sa hiwalay na...

Requirements Definition Consider the following scenario: You work for a small retailer. The company has three locations in the Portland area. They sell retro & collectible video game consoles and...

Indicate the answer choice that best completes the statement or answers the question. 1. Greater user involvement in the system development process usually results in _____. a. poorer communication...

Identify digital transformation theories mentioned in the article SMR JOURNAL OF SERVICE B 20280 MANAGEMENT RESEARCH SMR . Journal of Service Management Research . Issue 02/2018 EDITORS Digital...

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

NASA/SP-2011-3422 Version 1.0 November 2011 NASA Risk Management Handbook NASA/SP-2011-3422 Version 1.0 NASA Risk Management Handbook National Aeronautics and Space Administration NASA Headquarters...

FWPL acquired the winery business in 1981 from Angelo and Francesca Galli. Until then, Angelo and Francesca had operated the business as a partnership. What are some of the key differences between a...

On November 2, 2030, Skid Row Corp. purchased goods from Megadeth Inc. for $180,000 to be paid on January 30, 2031. The exchange rate on November 2, 2030 is P1 = $0.20. On the same date, Skid Row,...

Question 8 1 pts A convertible bond has a par value of $ 1 , 0 0 0 and a current market price of $ 8 5 0 . The current price of the issuing firm's stock is $ 2 9 and the conversion ratio is 3 0...

In the previous problem, compute a .90 confidence interval for the probability that an item is defective.

What is the relationship between search engines and text mining?

What are the two main cycles in search engines? Describe the steps in each cycle.

What is a web crawler? What is it used for? How does it work?

Adjusting entry for " Ending inventory per physical count is 180,000".

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw...

HMC sold equipment December 5, 2018 for $2,000. It originally purchased the equipment February 1, 2010 for $12,000. The equipment is fully depreciated for book and tax purposes. For tax purposes, the...