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BADM 211 Exam 1 Questions and Answers (100% Correct Answers) Already Graded A+

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BADM 211 Exam 1 Questions and Answers (100% Correct Answers) Already Graded A+

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BADM 211 Exam 1 Questions and Answers
(100% Correct Answers) Already Graded
A+
The term "business analytics" may be best defined [ ANS: ] the
practice and art of bringing quantitative data to bear on
decision-making

The term "business intelligence" may be best defined as [ ANS: ]
refers to data visualization and reporting for understanding "what
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happened and what is happening"

-done by the use of charts, tables, and dashboards to display,
examine, and explore data
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-next level of business analytics

data mining adds ____________ to data visualization and
exploratory analyses. [ ANS: ] creates value; adds value

statistical and machine-learning methods that inform decision-
making

-ability to cope with huge amounts of data and extract value

-possible other answers could be modeling or prediction

Machine learning refers to algorithms that learn [ ANS: ] learn
directly from data, especially local patterns, often in layered or
iterative fashion

-ex: decision tree

Which of the following is not a characterization of Big Data? [ ANS:
] -Volume, amount of data

-Velocity, flow rate; speed at which it is being generated and
changed

, 2
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-Variety, different types of data being generated (ex: currency,
dates, numbers, text etc)

-Veracity, fact that data is being generated by organic distributed
processes (ex: millions of people signing up for services or free
downloads) and not subject to the controls or quality checks that
apply to data collected for a study

Which of the following is not in the list of skills for a data scientist? [
ANS: ] Skills are: statistics, machine learning, math, programming,
business, and IT

A categorical variable may be best defined as [ ANS: ] variable
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that takes on one of several fixed values

-ex: flight could be on-time, delayed, or canceled
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A predictor may be best defined as [ ANS: ] variable, usually
denoted by X, used as an input into a predictive model

-basically an independent variable

-also called a feature, input variable, independent variable, or
from a database perspective, a field

The conditional probability that event A will occur given that
event B has already occurred may be written as [ ANS: ] P(A | B)

Which of the following is not a term for "observation"? [ ANS: ] Unit
of analysis on which measurements are taken

-other words for observation: sample, case, instance, row, record,
pattern, example

-SCIRRPE

Which of the following is NOT an example of classification? [ ANS: ]
Trying to predict a class

-ex: recipient of offer can respond or not respond

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