Business Analytics Final Exam | Verified Exam Questions and Answers | Latest Updated Study Material 2026

Business Analytics Final Exam | Verified Exam Questions and Answers |
Latest Updated Study Material 2026

Question:

True
Answer:

One of the benefits of big data for companies is reduced
risk.

Question:

True
Answer:

Big data makes companies smart.

Question:

False
Answer:

The five V's of big data are volume,velocity, volatility,
variety, and veracity.

Question:

True
Answer:

Analytics are not appropriate when you have to make
rapid decisions.

Question:

True
Answer:

Analytics can help a company hire, retain, and promote
the best people.

Question:

$100

, Answer:

If 100 megabytes of storage cost a penny, a terabyte of
storage would cost what?

Question:

Prescriptive analytics
Answer:

form of analytics which examines data to
answer the question of "what should be done" or "what can we do to make this happen?".

Question:

What are some of the defining characteristics of big data?
Answer:

Volume, processing complexity, and Data Structure.

Question:

$100,000
Answer:

If 100 megabytes of storage cost a penny, a petabyte
of storage would cost what?

Question:

True
Answer:

Insight does not help us to understand what happened in
the past.

Question:

Supervised DM technique
Answer:

The algorithms learn which values of
target variable are associated with predictor variables.

Question:

CRISP-DM