Data: Data are facts or figures, which are recorded, and information is the knowledge derived from the data. When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it. Characteristics of a good data: Data must be “ Timely ”. Data must be “ Accurate ”. Data must be “ Relevant ”. Data must be “ Sufficient ”. Data must be “ Worth ” its cost.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

In terms of the success of data warehousing, how crucial do you believe it is that the data be of high quality? What are the advantages and telltale indicators of having access to high-quality data, and how do you get it?

Explain the concept of data lineage and its importance in data quality and compliance.

The significance of recognizing the importance of data management and its worth.

Answer 2

Question

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Answer 6

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Answer 7

Chapter 1.7, Problem 6ARQ

Program Plan Intro

Data:

Data are facts or figures, which are recorded, and information is the knowledge derived from the data.

When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

Data must be “Timely”.

Data must be “Accurate”.

Data must be “Relevant”.

Data must be “Sufficient”.

Data must be “Worth” its cost.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1.4 - Prob. 1AAQ Ch. 1.4 - Prob. 2AAQ Ch. 1.4 - Prob. 3AAQ Ch. 1.4 - Prob. 4AAQ Ch. 1.7 - Prob. 1EGDQ Ch. 1.7 - Prob. 2EGDQ Ch. 1.7 - Prob. 3EGDQ Ch. 1.7 - Prob. 4EGDQ Ch. 1.7 - Prob. 5EGDQ Ch. 1.7 - Prob. 6EGDQ

Solution Summary: The author explains that data are facts or figures, which are recorded, and information is the knowledge derived from it. Good quality data is directly proportional to Information Quality.

Concept explainers

Want to see the full answer?

Chapter 1 Solutions