& 2 Question and answers already
passed 2025/2026
Analytics - correct answer ✔is the discovery, analysis and communication of meaningful patterns in
data
information bias - correct answer ✔is a prejudice in data that results when either the respondent or
the interviewer have & agenda that affects responses
ordinal data - correct answer ✔places data into categories that are ordered by a predetermined criteria
interval data - correct answer ✔is numerical data that is ordered, is equal distance apart & does not
have a natural zero
reliable data - correct answer ✔is consistent & repeatable
random error - correct answer ✔represents errors in data caused by unpredictable statistical
fluctuations
nominal data - correct answer ✔places data into "either or" categories or identifies by name or
charachteristics
data management - correct answer ✔includes cleaning & storage of collected data
big data - correct answer ✔is a massive amount of data that is difficult to process using traditional
database & software techniques
, ratio data - correct answer ✔is numerical data that has a natural zero allowing this data to be added,
subtracted, multiplied & divided
measurement bias - correct answer ✔is a prejudice in data that results when the sample is not
representative of the population be tested
Why is quantitative analysis & analytics important in decision making? (Choose 3) - correct answer
✔Decisions are less subjective, analytics can be explanatory , managers can build predictive models
Sales for Northern region are expected to decrease 2% in the next fiscal year. - correct answer
✔Predictive analysis
The median household income for New York City from 2009-2013 is - correct answer ✔Descriptive
analysis
Alternating two trains between 5 pm & 7 pm will increase on time arrivals - correct answer
✔Prescriptive analysis
The largest consumer group of the product is female - correct answer ✔descriptive analysis
Employee turnover for the organization will be more than 5% - correct answer ✔Predictive analysis
Increasing the ratio of ingredient A to ingredient B o 1:15 will yield more product - correct answer
✔Prescriptive analysis
Stage 1 of Davenport-Kim Three-stage Model includes which two of the following steps? - correct
answer ✔Review of previous findings & problem recognition