C207 Pre-Assessment With Complete Questions And Answers

C207 Pre-Assessment With Complete Questions And Answers 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? a.) Prescriptive b.) Descriptive c.) Pareto Chart d.) Biased - answersa.) Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? Choose 2 answers. a.) Relatively lower cost of computer storage b.) Lower availability of statistical experts c.) Higher cost of obtaining data d.) Higher computer processing power - answersa & d How does probability theory inform decision-making for managers? a.) By quantifying risk b.) By quantifying data c.) By quantifying quality d.) by quantifying costs - answersa.) By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? a.) nominal data b.) ordinal data c.) interval data d.) ratio data - answersb.) ordinal data What are two aspects of data quality management? Choose 2 answers. a.) It calculates spurious data b.) It reduces the amount of incomplete data c.) It monitors data input rates d.) It cleans data - answersb & d Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Choose 2 answers. a.) Outlier data b.) Missing data c.) Out-of-range Data d.) Misspelled Data - answersb & d When conducting a study that measures an individual's weight, all scales are calibrated prior to use in measurement. Which type of error should this procedure significantly reduce? a.) Systematic error b.) Omission error c.) Random error d.) Information error - answersa.) 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? a.) Experimental unit b.) Treatment c.) Response variable d.) Intervention - answersc.) 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. The healthcare organization hopes this data will allow them to create early prevention programs. Which type of research design does this study describe? a.) Double-blind study b.) Systematic study c.) Cohort study d.) Experimental study - answersc.) 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. a.) Systematic error b.) Omission error c.) Random error d.) Typographical error - answersa & b A company that raises turkeys is hoping to increase the rate of growth of the turkeys while controlling the cost of feeding them. It has determined that feeds containing both nutrients and protein can be used. Which decision-making technique is most appropriate for this company to minimize the cost of feeding the birds? a.) Correlation b.) Linear programming c.) Chi-square d.) Z-score - answersb.) Linear programming A company is trying to increase its online sales revenue by improving its email advertising 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. a.) Number of purchases per email b.) E-mail content c.) Spending per purchase d.) Cost per email - answersa & c Match each action with the appropriate statistical procedure. Answer options may be used more than once or not at all. ANOVA, Correlation, and/or Control Charts. 1.) Compare outcomes of different drug testing results 2.) Understand effective marketing to spend advertising dollars efficiently 3.) Monitor production process - answers1. ANOVA 2. Correlation 3. Control Charts A researcher concludes that bananas create healthy children because the researcher's notes indicate that children who eat a banana every day are healthy.