Answer:
Explanation:
A cloud model allows organizations to purchase only the storage they need – when they need it – eliminating traditional infrastructure expenses. With this model, an organization can use these cost savings for AI development
Solution:
Running computer programs and their data are stored in Rom.
ROM is "built-in" computer memory containing data that normally can only be read, not written to. ROM contains the programming that allows your computer to be "booted up" or regenerated each time you turn it on. Unlike a computer's random access memory (RAM), the data in ROM is not lost when the computer power is turned off. The ROM is sustained by a small long-life battery in your computer.
Computational thinking- the thought processes involved in formulating a problem and expressing its solution(s) in such a way that a computer—human or machine—can effectively carry out. Computational Thinking is an iterative process based on three stages.
Problem solving process- The process of working through details of a problem to reach a solution. Problem solving may include mathematical or systematic operations and can be a gauge of an individual's critical thinking skills.
Data- facts and statistics collected together for reference or analysis.
Information- facts provided or learned about something or someone.
Algorithm- a process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer.
Aggregate data- aggregate data are data combined from several measurements. When data are aggregated, groups of observations are replaced with summary statistics based on those observations. In a data warehouse, the use of aggregate data dramatically reduces the time to query large sets of data.
Discovery Data- in the context of IT, is the process of extracting actionable patterns from data. The extraction is generally performed by humans or, in certain cases, by artificial intelligence systems.
Answer:
b. will be lower if consumers perceive mobile phones to be a necessity.
Explanation:
The price elasticity of demand is described as the percentage variation in the demanded quantity of service or goods divided by the change in the percentage of the price. And henceforth it describes the responsiveness of the demanded quantity to a price change. And now if the mobile phones are thought of as being the necessity then the price will increase as demand will increase, and hence the price elasticity of demand will be lower. And if there is an improvement in the production technology then the price will be lowered, and hence price elasticity of demand will be less as the change in the percentage of the price will be negative. And the exact definition of it as we have described above. Hence, b is correct options.
