1. What does the 'cost' value in EXPLAIN plans represent?
- The exact execution time in milliseconds.
- The amount of memory (in KB) allocated for the query.
- A unitless estimate of disk pages fetched and CPU cycles required to run the node.
- The network transfer cost of the data.
Hint: PostgreSQL costs are arbitrary units calculated using cost parameters (like seq_page_cost and cpu_operator_cost) to compare plan alternatives.