Analytics Final Exam 2024/2025 Exam
Questions with Detailed Verified
Answers (100% Correct Answers) |
Already Graded A+
A manager at G'Dawg Records (motto: double declining balances are the
fo'zhizzle) wants to know his company's revenue and profit in its previous
quarter. Which of the following business analytics will help the manager? -
🧠ANSWER ✔✔Descriptive analytics
Predictive analytics - 🧠ANSWER ✔✔Detects patterns in historical data and
extrapolates them forward in time
A database is: - 🧠ANSWER ✔✔A structured collection of related files and
data
Which of the following is an example of a measure of continuous metrics? -
🧠ANSWER ✔✔Weight and volume of a sheet of steel
Which of the following is a disadvantage of ordinal data? - 🧠ANSWER
✔✔They have no fixed units of measurement
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1
,Identify and briefly describe each of the four things that differentiate big
data from not so big data. What are the benefits and drawbacks of each of
the four things as they relate to an audit? - 🧠ANSWER ✔✔Big Data
Volume - Terabytes, petabytes and zettabytes 10^21*
Variety - Unstructured (text, voice, video)
Velocity - Data in motion (streaming)
Veracity - Untrusted and uncleansed
Not so big data
Volume - Megabytes and gygabites
Variety - Structured and rational
Velocity - Data at rest
Veracity - Trusted and cleansed
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2
,Benefits and Drawbacks
Volume - More to sample, but less time to test everything.
Veracity - Bigger sample to rely on, but there could be more fake data
Variety - You have different kinds of data to test but have to organize more.
Velocity - Always have more data to test, but hard to pick which data is
always coming for you.
Which of the following charts provides the MOST useful means for
displaying data over time? - 🧠ANSWER ✔✔Line chart
Skin E-G local college professor/rapper (motto: all cool cats use accrual
accounting) wants to know to understand the relative proportion of each
type of fan (e.g. hipsters) to the total. What chart should Skin E-G use? -
🧠ANSWER ✔✔Pie chart
Observations consisting of PAIRS of variable data are required to construct
what kind of chart? - 🧠ANSWER ✔✔Scatter
Skin E-G has data consisting of price, price/earning ratio and market
capitalization for seven different stocks on a particular day. He wishes to
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
3
, plot all three variables in two dimensions. Which chart should Skin E-G
use? - 🧠ANSWER ✔✔Bubble chart
Which of the following charts show three-dimensional data? - 🧠ANSWER
✔✔Surface chart
How to calculate the interquartile range - 🧠ANSWER ✔✔The difference
between the first and third quartiles, Q3 - Q1.
A ____ is a description of the approach that is used to obtain samples from
a population prior to any data collection activity. - 🧠ANSWER ✔✔Sampling
plan
Which of the following types of samples using random procedures to select
a sample? - 🧠ANSWER ✔✔Probabilistic sampling
Which of the following sampling methods bases its selection of samples on
the ease of data collection? - 🧠ANSWER ✔✔Convenience sampling
______ sampling applies to populations that are divided into natural
subsets and allocates the appropriate proportion of samples to each
subset. - 🧠ANSWER ✔✔Stratified
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
4
Questions with Detailed Verified
Answers (100% Correct Answers) |
Already Graded A+
A manager at G'Dawg Records (motto: double declining balances are the
fo'zhizzle) wants to know his company's revenue and profit in its previous
quarter. Which of the following business analytics will help the manager? -
🧠ANSWER ✔✔Descriptive analytics
Predictive analytics - 🧠ANSWER ✔✔Detects patterns in historical data and
extrapolates them forward in time
A database is: - 🧠ANSWER ✔✔A structured collection of related files and
data
Which of the following is an example of a measure of continuous metrics? -
🧠ANSWER ✔✔Weight and volume of a sheet of steel
Which of the following is a disadvantage of ordinal data? - 🧠ANSWER
✔✔They have no fixed units of measurement
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
1
,Identify and briefly describe each of the four things that differentiate big
data from not so big data. What are the benefits and drawbacks of each of
the four things as they relate to an audit? - 🧠ANSWER ✔✔Big Data
Volume - Terabytes, petabytes and zettabytes 10^21*
Variety - Unstructured (text, voice, video)
Velocity - Data in motion (streaming)
Veracity - Untrusted and uncleansed
Not so big data
Volume - Megabytes and gygabites
Variety - Structured and rational
Velocity - Data at rest
Veracity - Trusted and cleansed
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
2
,Benefits and Drawbacks
Volume - More to sample, but less time to test everything.
Veracity - Bigger sample to rely on, but there could be more fake data
Variety - You have different kinds of data to test but have to organize more.
Velocity - Always have more data to test, but hard to pick which data is
always coming for you.
Which of the following charts provides the MOST useful means for
displaying data over time? - 🧠ANSWER ✔✔Line chart
Skin E-G local college professor/rapper (motto: all cool cats use accrual
accounting) wants to know to understand the relative proportion of each
type of fan (e.g. hipsters) to the total. What chart should Skin E-G use? -
🧠ANSWER ✔✔Pie chart
Observations consisting of PAIRS of variable data are required to construct
what kind of chart? - 🧠ANSWER ✔✔Scatter
Skin E-G has data consisting of price, price/earning ratio and market
capitalization for seven different stocks on a particular day. He wishes to
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
3
, plot all three variables in two dimensions. Which chart should Skin E-G
use? - 🧠ANSWER ✔✔Bubble chart
Which of the following charts show three-dimensional data? - 🧠ANSWER
✔✔Surface chart
How to calculate the interquartile range - 🧠ANSWER ✔✔The difference
between the first and third quartiles, Q3 - Q1.
A ____ is a description of the approach that is used to obtain samples from
a population prior to any data collection activity. - 🧠ANSWER ✔✔Sampling
plan
Which of the following types of samples using random procedures to select
a sample? - 🧠ANSWER ✔✔Probabilistic sampling
Which of the following sampling methods bases its selection of samples on
the ease of data collection? - 🧠ANSWER ✔✔Convenience sampling
______ sampling applies to populations that are divided into natural
subsets and allocates the appropriate proportion of samples to each
subset. - 🧠ANSWER ✔✔Stratified
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY STATEMENT.
ALL RIGHTS RESERVED
4
