CSBI: Course 5 Questions and Answers

Stat tools are the basic of types of _________ ________. - Answer- analytic output Probability calculations are at the basis of _______________ testing in ______________. - Answer- hypothesis; experimentation How are BI/A tools and process interconnected? (tip: tools and calculations) - Answer- Stat tools are the bases of analytic output and probability calculations are at the basis of hypothesis testing in experimentation What should experiments produce? - Answer- Decision-making information that supports what is likely to be seen in the future around focused questions Why is sampling needed? - Answer- to enable inferences without testing the entire population Prioritization requests for analytic resources should be related to ___________, ________, and ____________. - Answer- organizational strategic initiatives; requests related to enhancing processes; issue/problem situations 5 steps to selecting/prioritizing analytic projects (LWRCC) - Answer- (1) listing (2) weighting (3) rating (4) calculating (5) comparing 5 steps to experimental development - Answer- (1) frame the question (2) develop answer (3) select modeling/variables (4) measure data collection variables (5) detect analysis patterns A key a aspect of the work of a BI/analytics consultant is _____. - Answer- analysis _______ is how the data is turned into information. - Answer- analysis _____ _____ are foundational to all descriptive, predictive, and prescriptive analytic applications. - Answer- statistical concepts Business intelligence work is the ____ _____ of work for the business intelligence consultant. - Answer- primary domain statistics is a set of methodologies that analyze, interpret, and present data in way that _____ its meaning. - Answer- amplifies - Answer-