BUSINESS STATISTICS AND ANALYTICS IN
PRACTICE BOWERMAN ESSENTIAL STUDY
QUESTIONS AND ANSWERS
◉ Business analytics.
Answer: The process of using statistical analysis and modeling to
drive business decisions
◉ Case.
Answer: A case is an individual about whom or which we have data
◉ Categorical/qualitative variable.
Answer: A variable that means categories is called categorical or
qualitative, weather with words or numerals
◉ Context.
Answer: The context ideally tells who was measured, what was
measured, how the data was collected, where the data were
collected, and when and why the study was performed
◉ Cross-sectional data.
, Answer: Data taken from situations that very overtime but
measured at a single time instant is said to be a cross-section of the
time series
◉ Data.
Answer: Recorded values weather numbers are labels, together with
their context
◉ Data mining.
Answer: The process of using a variety of statistical tools to analyze
large data bases or data where houses
◉ Data table.
Answer: And arrangement of data in which each row represents a
case and each column represents a variable
◉ Data warehouse.
Answer: A large database of information collected by a company or
other organization usually to record transactions that the
organization makes, but also used for analysis via data mining
◉ Experimental unit.
PRACTICE BOWERMAN ESSENTIAL STUDY
QUESTIONS AND ANSWERS
◉ Business analytics.
Answer: The process of using statistical analysis and modeling to
drive business decisions
◉ Case.
Answer: A case is an individual about whom or which we have data
◉ Categorical/qualitative variable.
Answer: A variable that means categories is called categorical or
qualitative, weather with words or numerals
◉ Context.
Answer: The context ideally tells who was measured, what was
measured, how the data was collected, where the data were
collected, and when and why the study was performed
◉ Cross-sectional data.
, Answer: Data taken from situations that very overtime but
measured at a single time instant is said to be a cross-section of the
time series
◉ Data.
Answer: Recorded values weather numbers are labels, together with
their context
◉ Data mining.
Answer: The process of using a variety of statistical tools to analyze
large data bases or data where houses
◉ Data table.
Answer: And arrangement of data in which each row represents a
case and each column represents a variable
◉ Data warehouse.
Answer: A large database of information collected by a company or
other organization usually to record transactions that the
organization makes, but also used for analysis via data mining
◉ Experimental unit.
