The following are summary statistics for a data set. Would

Data and Databases Data>>>Information>>>Knowledge>>>Wisdom Data is raw bits and pieces of information  Quantitative: numeric  Quantitative: descriptive  Alone is not useful Information is when data is given context and more specific Knowledge is developed when information has been aggregated and analyzed to make decisions, set policies, and spark innovation Wisdom is the combination of knowledge and experience  May take years to develop Databases  Organized collection of related information to generate knowledge for decision making purposes o For example, a university transcript database may contain information on students, classes taken, and grades received  A separate university database would be created to m