Question 1
Analytics is a broad term that refers to a variety of tools that inform managerial decisions.
Which term can be used to describe managerial decisions?
A. Prescriptive
B. Predictive
C. Pareto chart
D. Biased
CORRECT ANSWER
A
Question 2
What are two reasons for the increasing use of analytics in organizational decision
making?
A. Relatively lower cost of computer storage
B. Lower availability of statistical experts
C. Higher cost of obtaining data
D. Higher computer processing power
CORRECT ANSWER
A, d
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,Question 3
In what way does probability theory inform decision-making for managers?
A. By quantifying risk
B. By quantifying data
C. By quantifying quality
D. By quantifying costs
CORRECT ANSWER
A
Question 4
Which type of data are the Olympic medals of gold, silver, and bronze examples of?
A. Nominal data
B. Ordinal data
C. Interval data
D. Ratio data
CORRECT ANSWER
B
Question 5
What are two aspects of data quality management?
A. It calculates spurious data.
B. It reduces the amount of incomplete data.
C. It monitors data input rates.
D. It cleans data.
CORRECT ANSWER
2
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, B, d
Question 6
Which two attributes indicate potential data quality issues when evaluating a set of
nominal data?
A. Outlier data
B. Missing data
C. Out-of-range data
D. Misspelled data
CORRECT ANSWER
B, d
Question 7
When conducting a study that measures an individual's weight, all scales are calibrated
prior to use in measurement. Which type of error should this procedure significantly
reduce?
A. Systematic error
B. Omission error
C. Random error
D. Information error
CORRECT ANSWER
A
Question 8
3
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Analytics is a broad term that refers to a variety of tools that inform managerial decisions.
Which term can be used to describe managerial decisions?
A. Prescriptive
B. Predictive
C. Pareto chart
D. Biased
CORRECT ANSWER
A
Question 2
What are two reasons for the increasing use of analytics in organizational decision
making?
A. Relatively lower cost of computer storage
B. Lower availability of statistical experts
C. Higher cost of obtaining data
D. Higher computer processing power
CORRECT ANSWER
A, d
1
@THE STUDY VAULT
,Question 3
In what way does probability theory inform decision-making for managers?
A. By quantifying risk
B. By quantifying data
C. By quantifying quality
D. By quantifying costs
CORRECT ANSWER
A
Question 4
Which type of data are the Olympic medals of gold, silver, and bronze examples of?
A. Nominal data
B. Ordinal data
C. Interval data
D. Ratio data
CORRECT ANSWER
B
Question 5
What are two aspects of data quality management?
A. It calculates spurious data.
B. It reduces the amount of incomplete data.
C. It monitors data input rates.
D. It cleans data.
CORRECT ANSWER
2
@THE STUDY VAULT
, B, d
Question 6
Which two attributes indicate potential data quality issues when evaluating a set of
nominal data?
A. Outlier data
B. Missing data
C. Out-of-range data
D. Misspelled data
CORRECT ANSWER
B, d
Question 7
When conducting a study that measures an individual's weight, all scales are calibrated
prior to use in measurement. Which type of error should this procedure significantly
reduce?
A. Systematic error
B. Omission error
C. Random error
D. Information error
CORRECT ANSWER
A
Question 8
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