complete solution 2025/2026
An organization develops a new strategic plan and seeks ways to measure its performance over a
specific period of time.
Which system enables the organization to measure performance based upon established global
standards? - correct answer ✔ISO
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? - correct answer ✔Predictive
What are two reasons for the increasing use of analytics in organizational decision making? - correct
answer ✔Relatively lower cost of computer storage
Higher computer processing power
In what way does probability theory inform decision-making for managers? - correct answer
✔quantifying risk
Which type of data are the Olympic medals of gold, silver and bronze examples of? - correct answer
✔Ordinal data
What are some aspects of data quality management?
Choose 2 answers - correct answer ✔it cleans data
it reduces the amount of incomplete data
which two attributes indicate potential data quality issues when evaluating a set of nominal data? -
correct answer ✔missing data
misspelled data
,When conducting a study that measures an individuals weight, all scales are calibrated prior to use in
measurement. Which type of error should this procedure significantly reduce? - correct answer
✔Systematic Error
An advertising manager creates a research study by presenting low, medium, or high frequency of the
same ad in matched markets. The manager then reports on sales in each market location.
What is the term for the different sales in this study? - correct answer ✔The response variable
A healthcare study follows a particular sample over time to identify how the health habits of teenagers
impact their likelihood of acquiring various diseases later in their life in the hope that the healthcare
organization will be able to create early prevention programs.
Which type of research design does this study describe - correct answer ✔cohort study
Several missing values in a particular field in a dataset were observed. The likelihood of a record having
a missing value is correlated to another variable in the dataset.
Which two types of error might be introduced into the dataset if the removed record included missing
values?
Choose 2 answers. - correct answer ✔Omission error
typographical error
A company is trying to increase its online sales revenue by improving its e-mail campaign for repeat
customers as well as new customers.
Which two variables would be used in determining a campaign to maximize revenue gain?
Choose 2 answers - correct answer ✔spending per purchase
number of purchases per email
, A company that raises turkeys is hoping to increase the rate of growth of the birds while controlling the
cost of feeding the birds. It has been determined that feeds containing both nutrients and protein can
be used.
What decision making technique is most appropriate for this company to minimize the cost of feeding
the birds. - correct answer ✔Linear programming
Match each action with the appropriate statistical procedure
Answer options may be used more than one or not at all. - correct answer ✔Understand effective
marketing to spend advertising dollars efficiently = Correlation
Monitor production process= Control Charts
Compare outcomes of different drug testing results= ANOVA
A researcher concludes that bananas create healthy children because the researcher's notes indicate
that children who eat a banana every day are healthy
What misuse of statistics would this study be an example of if these children also eat a balanced diet
and exercise daily? - correct answer ✔unfounded assumptions
In the month of December, there is a strong positive correlation between airline tickets and retail sales.
Which question should the researcher consider before concluding that the correlation statistic implies
that the airline sales drive retail sales? - correct answer ✔Does a casual relationship truly exist
A medical care provider determines the probability that a patient needs treatment for a broken bone,
the probability that a patient needs treatment for a concussion, and the probability that a patient needs
treatment for both a broken bone and a concussion.
Which two rules should be used to find the probability that a patient needs treatment for a broken bone
and a concussion?
Choose 2 answers - correct answer ✔multiplication