BSIS 308 Mid I Exam #1 Questions with correct answers
A Forbes subscriber survey asked 52 questions about subscriber characteristics
and interests. One of the questions was, "Are you male or female?" The data
resulting from this question is categorical. - ✔✔True
Extreme observations that have values that are unusually large or unusually small
are called? - ✔✔Outliers
A children's apparel manufacturer could use descriptive analytics to? - ✔✔present
supply chain to managers visually.
A Forbes subscriber survey asked 52 questions about subscriber characteristics
and interests. The following question provides categorical data: "What is your
age?" - ✔✔False. Quantitative data...
The scientific process of transforming data into insight for making better decisions
is called? - ✔✔business analytics.
In a financial sector, we use ______ to construct financial instruments such as
derivatives. - ✔✔predictive models.
When a decision maker is faced with several decision alternatives and an
uncertain set of future events, he or she uses ______ to develop an optimal
strategy. - ✔✔decision analysis.
The total of relative frequencies for a data set is always 1. - ✔✔True.
, Which of the following is NOT an acceptable approach to decision making? -
✔✔Random selection.
A better understanding of consumer behavior through analytics leads to? -
✔✔more effective pricing strategies.
Which of the following is NOT a measure of variability? - ✔✔Skewness.
IBM describes Big Data through the phenomenon of the 4 Vs, shown below.
Identify the "V" illustrated by data at rest. - ✔✔volume.
Businesses that collect data about their customers have a(n) _____ to protect the
data from misuse. - ✔✔obligation.
Which of the following numerical summary measures cannot be negative? -
✔✔standard deviation.
Professional sports teams use analytics to? - ✔✔decide how much to offer players
in contract negotiations.
Which of the following would be expected to display a positive relationship? -
✔✔the amount of time a student spends studying and their grade on an exam.
With the advent of big data and the dramatic increase in the use of analytics and
data science to improve decision making, increased attention is being given to
_____ surrounding data privacy and the ethical use of models based on data. -
✔✔ethical concerns.
A Forbes subscriber survey asked 52 questions about subscriber characteristics
and interests. One of the questions was, "Are you male or female?" The data
resulting from this question is categorical. - ✔✔True
Extreme observations that have values that are unusually large or unusually small
are called? - ✔✔Outliers
A children's apparel manufacturer could use descriptive analytics to? - ✔✔present
supply chain to managers visually.
A Forbes subscriber survey asked 52 questions about subscriber characteristics
and interests. The following question provides categorical data: "What is your
age?" - ✔✔False. Quantitative data...
The scientific process of transforming data into insight for making better decisions
is called? - ✔✔business analytics.
In a financial sector, we use ______ to construct financial instruments such as
derivatives. - ✔✔predictive models.
When a decision maker is faced with several decision alternatives and an
uncertain set of future events, he or she uses ______ to develop an optimal
strategy. - ✔✔decision analysis.
The total of relative frequencies for a data set is always 1. - ✔✔True.
, Which of the following is NOT an acceptable approach to decision making? -
✔✔Random selection.
A better understanding of consumer behavior through analytics leads to? -
✔✔more effective pricing strategies.
Which of the following is NOT a measure of variability? - ✔✔Skewness.
IBM describes Big Data through the phenomenon of the 4 Vs, shown below.
Identify the "V" illustrated by data at rest. - ✔✔volume.
Businesses that collect data about their customers have a(n) _____ to protect the
data from misuse. - ✔✔obligation.
Which of the following numerical summary measures cannot be negative? -
✔✔standard deviation.
Professional sports teams use analytics to? - ✔✔decide how much to offer players
in contract negotiations.
Which of the following would be expected to display a positive relationship? -
✔✔the amount of time a student spends studying and their grade on an exam.
With the advent of big data and the dramatic increase in the use of analytics and
data science to improve decision making, increased attention is being given to
_____ surrounding data privacy and the ethical use of models based on data. -
✔✔ethical concerns.
