An information system uses the following daily workflow. Each function can start only after the input it explicitly requires has been produced. Arrange the functions in execution order. (A) Process and validate the day’s sales transactions. (B) Update the inventory master file using the validated transactions. (C) Process managers’ enquiries using the figures in the completed daily report. (D) Generate the daily report from the updated inventory master file. (E) Run interactive decision-support scenarios using the results returned by those enquiries. Choose the correct answer from the options below.
(A), (B), (D), (C), (E)
Validated transactions from A are required to update the master file in B. The updated file feeds the report in D; that completed report supplies the enquiries in C, whose results feed the scenarios in E. Hence the only valid order for this workflow is A–B–D–C–E.
| List – I | List – II |
| a. The Screening Hypothesis | 1. George A. Akerlof |
| b. Job Market Signalling | 2. K.J. Arrow |
| c. The problem of moral hazard in the case of medical insurance | 3. M. Spencer |
| d. The market for lemons | 4. Paul W. Miller and Paul A. Volcker |
A source transmits symbols from an alphabet of size 16. The value of maximum achievable entropy (in bits) is _______
An analog baseband signal, bandlimited to 100 Hz, is sampled at the Nyquist rate. The samples are quantized into four message symbols that occur independently with probabilities $p_1 = p_4 = 0.125$ and $p_2 = p_3$. The information rate (bits/sec) of the message source is ____________
The random variable $X$ takes values in $\{-1, 0, 1\}$ with probabilities $P(X = -1) = P(X = 1)$ and $\alpha$ and $P(X = 0) = 1 - 2\alpha$, where $0 < \alpha < \frac{1}{2}$. Let $g(\alpha)$ denote the entropy of $X$ (in bits), parameterized by $\alpha$. Which of the following statements is/are TRUE?