Identify the appropriate answer for the given statement from the given choices.
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
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- Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning