Foundations Final Exam and Answers
2025-2026.
01-001 - Definition of Data - Answer facts, observations, numbers, measurements, videos,
pics
01-002 - Definition of Analytics - Answer science of logical analysis, science of data
01-003 - Definition of Analysis - Answer collection, transformation, organization, conclusions,
predictions, decision-making
01-004 - Steps in Data Analysis Process - Answer ask, prepare, process, analyze, share, act
01-005 - One way to think of analysis is that it turns data into _____. - Answer insights
01-006 - List 5 ways to use data
(IP, IOT, LNP, SC, MD) - Answer improve processes, identify opportunities and trends, launch
new products, serve customers, make decisions
01-007 - Definition of Business Analytics (UMS,DMFD,MD) - Answer use of math and
statistics to derive meaning from data to make better decisions
01-008 - What are the 3 types of business analytics? - Answer descriptive, predictive,
prescriptive
01-009 - Which type of business analytics interprets historical data to identify trends and
patterns? - Answer descriptive
01-010 - Which type of business analytics centers on taking information on trends and patterns
to forecast future outcomes? - Answer predictive
01-011 - Which type of business analytics uses testing and other techniques to determine which
outcome will yield the best result for a given scenario? - Answer prescriptive
01-012 - Definition of People Analytics - Answer improve workplace and business processes
, 01-013 - Definition of Regression Analysis - Answer a statistical method used to examine
relationships between variables
01-014 - Definition of Root-Mean-Square Error - Answer difference between predicted and
observed values
01-015 - What are the 3 disciplines of Data Science? - Answer machine learning/AI, statistics,
analytics
01-016 - What is the excellence of a machine learning/AI engineer? - Answer performance
01-017 - What is the excellence of a statistician? - Answer rigor
01-018 - What is the excellence of an analyst? - Answer speed in discovering gems of insight
01-019 - Analysts thrive on creative and ___-____ projects. - Answer open-ended
01-020 - Analysts enjoy the fun and thrill of ____. - Answer exploration
01-021 - What does a Data Scientist do? (NWMUURD) - Answer create new ways of
modeling and understanding the unknown by using raw data
01-022 - What are 3 reasons you analyze data? (PRT) - Answer find patterns, relationships,
trends
01-023 - A critical question to ask up-front is, "How do I define ____ for this project? - Answer
success
01-024 - Definition of a Data Set - Answer a collection of data that can be manipulated or
analyzed as one unit
01-025 - Definition of a Data Ecosystem - Answer a group of elements that interact to create
an environment in which to produce, store, manage, organize, analyze, and share information
01-026 - Definition Data-Driven Decision-Making - Answer using facts to guide business
strategy