Data and information, Operation Research

Assignment Help:

Data and Information:

The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or the like" (Random House Dictionary of the English language, College Edition, 1975). Thus, data may be described as discrete and unorganised pieces of information. Data become "information" when these pieces are processed, interpreted and presented in an organised or logical form to facilitate a better comprehension of the concerned topic or issue. In other words, data become information when processed and presented to form an intelligible context. The following examples will be helpful in bringing out the difference between the two: 

i)  The Meteorological Department is responsible for the daily collection of atmospheric data on weather. These data are presented in quantitative terms, e.g., tables containing rainfall or temperature figures over a period relating to different regions. The pilot of an aircraft needs weather data relating to the region over which he/she would fly. He/She would rather prefer a brief forecast note on the weather conditions based on these tables which would tell him/her whether he/she would face air turbulence on the route. These processed and interpreted data then become information. 

ii)  Reserve Bank of India Bulletin regularly publishes notifications on exchange control regulations as and when some existing regulations are amended or new ones introduced. We may say that each notification contains discrete pieces of facts or information. If, however, these notifications, at a later stage, are organised or consolidated in such a manner that all the related pieces are brought together, (e.g. those dealing with the foreign exchange regulation relating to business travel), then such a consolidation becomes information. 

iii)  A scientist studying the behavior of a chemical compound under different physical conditions would observe and record the relevant data provided by the experiments. These data or raw facts would not convey any meaning unless he filters; analyses and integrates them and finally interprets his findings. The resultant product-then becomes information.  


Related Discussions:- Data and information

REGRESSION, regression line drawn as Y=C+1075x, when x was 2, and y was 239...

regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Linear programming, A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y...

A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW MATERIAL RESTRICTIONS, IT CANNOT PRODUCE MORE THAN 400 TONS OF GRADE X PAPER AND 300 TONS OF GRADE Y PAPER I

Operation research techniques, Select five Operations Research techniques a...

Select five Operations Research techniques and describe in detail the real world application of such techniques in business decision making.

Non parametric tests - hypothesis testing, NON PARAMETRIC TESTS All  ...

NON PARAMETRIC TESTS All  practical  data follow normal distribution under  such situations can estimate the  parameters such  as mean  variance etc ,,, and use the  standard

Sample survey methods:, Sample Survey Methods: If proposed investigati...

Sample Survey Methods: If proposed investigation is done  only on  a part taken  out of  universe then it  will be  known  as sample  survey. This  part of the universe is kno

Steps of field study, Festinger and Katz have described followings six ste...

Festinger and Katz have described followings six steps in the conduct to a field study. a. Preliminary Planning :Deciding scope and objectives of study and the time table

Operation research, Operations research is used by manager in making busine...

Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?

Inventory Control Model, 1. A local university purchases exercise books to ...

1. A local university purchases exercise books to give to their students. Instead of a fixed unit cost, their supplier quotes the following discount pricing: Order quantity Unit P

Describe states-transitions and transition rate, Customers arrive to a supe...

Customers arrive to a super market according to a Poisson process with intensity V = ½  per minute. The supermarket has two counters, that use a common queue. Counter 1 is always o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd