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Which is better in a CPU, more cores or higher speed? Under which circumstances is that true? How many CPU cores does a computer need?

The better property to have in a CPU is to have a higher speed under the circumstances that it will be able to process things faster. Typically you would want six cores in a computer.

What details are you looking for when finding a motherboard which fits your processor?

The details you are looking for when finding a motherboard which fits your processor is to make sure that is has an onboard wifi-card, a big enough PCI slot to fit the graphics card that you want, multiple ram slots, and bluetooth.

What are the tradeoffs you’d evaluate while selecting a storage device?

The tradeoffs you'd evaluate while selecting a storage device is you either have to choose a cheaper but slower and hotter hard drive or a more expensive but much quicker and quieter SSD.

Think about others with a background similar to yours. How would you explain to them the key parts of a computer, in a way they’d best connect with?

I would explain that the mother board is the infrastructure of the town, complete with roads and signs. The CPU are the street lights, controlling the traffic and the speed of traffic where multiple lights are multiple cores that allow traffic to move simultaneously. The fan is the fire department, making sure nothing catches fire. RAM is the various stores that people will go to. PCI slots are the more extravagant stores where it sells a lot of cool stuff and where most of the traffic can go in and out efficiently. The hard drive is the parking lot, making sure every car has it's place, and the power supply is the power plant outside the town, making sure everything is powered.

Things I would like to know

I would like to more about the different kinds of hardware and how they compare to other pieces of hardware and weigh which one would be the most cost-efficient.

source: How to build a PC