Business Analytics Quiz With Verified answers

Business Analytics Quiz With Verified answers




business analytics - ANSWERcombines qualitative

reasoning with quantitative tools to identify key business

problems and translate data analysis into decisions that

improve business performance




A 'variable' is defined as when a characteristic of interest

differs in kind or degree among various observations. -

ANSWERTrue




A weakness of 'ordinal data' is that we cannot interpret the

difference between the ranked value; For example, if

someone finishes first, second, or third in a foot race,

, there is not necessarily the same 'difference in time'

between first place and second place, as there is between

second place and third place. - ANSWERTrue




In which data format does each column start and end at

the same place in every row? - ANSWERFixed-width




" ", " " and " " are the three broad categories of analytics

techniques designed to extract value from data? Note: You

do not need to add the word 'analytics' in your responses.

- ANSWERDescriptive, Predictive, Prescriptive




A ____________ consists of all observations or items of

interest in an analysis. - ANSWERPopulation