UPDATED ACTUAL Exam Questions and
CORRECT Answers
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