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

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

Question:

Descriptive Statistics
Answer:

Aggregating and summarizing data

Question:

Inferential Statistics
Answer:

Using data collected from a small group to
draw conclusion about a larger group

Question:

Nominal
Answer:

A qualitative variable for which there is no
meaningfulordering, or ranking, of the categories

Question:

Ordinal
Answer:

qualitative variable for which there is a meaningful
ordering,or ranking, of the categories

Question:

how make nominal variable in r
Answer:

factor(c('Germany','India','USA','India', 'USA'))

Question:

how to make ordinal variable in r
Answer:

C=ordered(c('Bad','Good','Neutral','Bad', 'Good'), levels = c("Bad", "Neutral", "Good"))

, Question:

Parameters
Answer:

Measures used to describe the population

Question:

Statistics
Answer:

Measures used to describe the population

Question:

Types of Descriptive Statistics
Answer:

Measures of central tendency
(univariate)

Question:

Measures of dispersion (univariate)
Measures of skewness (univariate)
Measures of dependence (bivariate)
library in r for mode
Answer:

modeest

Question:

how to calc mode in r
Answer:

mlv(Data, method = 'mfv')

Question:

Range
Answer:

The spread, or the distance, between the lowest and