Exam with Questions and Correct
Answers 2025
Activities ,(RBM ,stage) ,- ,CORRECT ,ANSWER-second ,step ,involves ,the ,process ,that
,converts ,inputs ,to ,outputs ,(actions ,necessary ,to ,produces ,results ,- ,training,
,evaluating, ,developing)
Alternative ,hypothesis ,- ,CORRECT ,ANSWER-The ,argument ,that ,either ,a ,sample ,is
,not ,equal ,to, ,greater ,than, ,or ,less ,than ,the ,hypothesized ,null ,sample
Analysis ,of ,Variance ,(ANOVA) ,- ,CORRECT ,ANSWER-a ,technique ,used ,to ,determine
,if ,there ,is ,a ,sufficient ,evidence ,from ,sample ,data ,of ,three ,or ,more ,populations ,to
,conclude ,that ,the ,means ,of ,the ,population ,are ,not ,all ,equal
Analytics ,- ,CORRECT ,ANSWER-The ,discovery, ,analysis, ,and ,communication ,of
,meaningful ,patterns ,in ,data.
Autocorrelation ,- ,CORRECT ,ANSWER-A ,relationship ,between ,two ,variables ,that ,is
,inherently ,non-linear
Balanced ,Scorecard ,- ,CORRECT ,ANSWER-An ,approach ,using ,multiple ,measures ,to
,evaluate ,performance, ,including ,financial ,measures, ,and ,the ,non-financial ,measures
,of ,customers, ,internal ,business ,processes, ,and ,learning ,and ,growth.
Bar ,chart ,- ,CORRECT ,ANSWER-A ,graph ,that ,measures ,the ,distribution ,of ,data ,over
,discrete ,groups ,or ,categories.
Benchmarks ,- ,CORRECT ,ANSWER-Standards ,or ,points ,of ,reference ,for ,an ,industry
,or ,sector ,that ,can ,be ,used ,for ,comparison ,and ,evaluation.
Big ,Data ,- ,CORRECT ,ANSWER-very ,large ,amounts ,of ,data; ,an ,all-encompassing
,term ,for ,any ,collection ,of ,data ,sets ,so ,large ,and ,complex ,that ,it ,becomes ,difficult ,to
,process ,them ,using ,traditional ,data ,processing ,applications
Blind ,Study ,- ,CORRECT ,ANSWER-A ,study ,performed ,where ,the ,participants ,are ,not
,told ,if ,they ,are ,in ,the ,treatment ,group ,or ,control ,group
,body ,mass ,index ,(BMI) ,- ,CORRECT ,ANSWER-A ,measure, ,based ,on ,a ,person's
,weight ,and ,height, ,that ,is ,used ,to ,classify ,people ,as ,underweight ,or ,overweight.
Business ,process ,- ,CORRECT ,ANSWER-A ,sequence ,of ,logically ,related ,and ,time
,based ,work ,activities ,to ,provide ,a ,specific ,output ,for ,a ,customer.
Central ,Limit ,Theorem ,- ,CORRECT ,ANSWER-A ,theorem ,that ,states ,that, ,the ,greater
,the ,sample, ,the ,closer ,the ,mean ,of ,the ,sample ,is ,to ,the ,entire ,population ,and ,the
,more ,the ,results ,will ,look ,like ,a ,normal ,distribution
Cluster ,Analysis ,- ,CORRECT ,ANSWER-The ,process ,of ,arranging ,terms ,or ,values
,based ,on ,different ,variables ,into ,"natural" ,groups
Cointegration ,- ,CORRECT ,ANSWER-Occurs ,when ,two ,time ,series ,are ,moving ,with ,a
,common ,pattern ,due ,to ,a ,connection ,between ,the ,two ,time ,series
Combination ,- ,CORRECT ,ANSWER-The ,number ,of ,different ,unordered ,possibilities
,for ,a ,certain ,situation.
Complement ,- ,CORRECT ,ANSWER-The ,occurrence ,of ,an ,event ,not ,happening, ,the
,opposite
Confidence ,interval ,- ,CORRECT ,ANSWER-An ,interval ,estimate ,used ,to ,indicate
,reliability
Continuous ,Data ,- ,CORRECT ,ANSWER-Data ,that ,can ,lay ,along ,any ,point ,in ,a ,range
,of ,data
Control ,chart ,- ,CORRECT ,ANSWER-A ,graphic ,display ,of ,process ,data ,over ,time ,and
,against ,established ,control ,limits, ,and ,that ,has ,a ,centerline ,that ,assists ,in ,detecting ,a
,trend ,of ,plotted ,values ,toward ,either ,control ,limit.
Control ,limits ,- ,CORRECT ,ANSWER-The ,area ,composed ,of ,three ,standard
,deviations ,on ,either ,side ,of ,the ,centerline, ,or ,mean, ,of ,a ,normal ,distribution ,of ,data
,plotted ,on ,a ,control ,chart ,that ,reflects ,the ,expected ,variation ,in ,the ,data
Criterion-reference ,test ,- ,CORRECT ,ANSWER-compare ,an ,individual ,to ,certain
,defined ,standards
Critical ,Success ,Factors ,- ,CORRECT ,ANSWER-The ,important ,things ,an ,entity ,must
,do ,to ,be ,successful, ,such ,as ,quality ,measures, ,customer ,service, ,or ,efficiency.
Cumulative ,Average-Time ,Learning ,Model ,- ,CORRECT ,ANSWER-A ,learning ,curve
,model ,in ,which ,the ,cumulative ,average ,time ,per ,unit ,declines ,by ,a ,constant
,percentage ,each ,time ,the ,cumulative ,quantity ,of ,units ,produced ,is ,doubled
, Cumulative ,distributions ,- ,CORRECT ,ANSWER-The ,probability ,that ,a ,random
,variable ,will ,be ,found ,at ,a ,value ,less ,than ,or ,equal ,to ,a ,given ,number
Customer ,satisfaction ,- ,CORRECT ,ANSWER-A ,measure ,of ,the ,extent ,to ,which
,customers ,are ,satisfied ,with ,the ,products ,and ,related ,services ,they ,received ,from ,a
,supplier.
Cycle ,time ,- ,CORRECT ,ANSWER-The ,total ,elapsed ,time ,to ,move ,a ,unit ,of ,work ,from
,the ,beginning ,to ,the ,end ,of ,a ,physical ,process, ,as ,defined ,by ,the ,producer ,and ,the
,customer.
Cyclicality ,- ,CORRECT ,ANSWER-Repetition ,of ,up ,(peaks) ,or ,down ,movements
,(troughs) ,that ,follow ,or ,counteract ,a ,business ,cycle ,that ,can ,last ,several ,years
Data ,Management ,- ,CORRECT ,ANSWER-The ,management, ,including ,cleaning ,and
,storage, ,of ,collected ,data.
Data ,Mining ,- ,CORRECT ,ANSWER-the ,process ,of ,discovering ,patterns ,in ,large ,data
,sets; ,performed ,on ,big ,data ,to ,decipher ,patterns ,from ,these ,large ,databases
Data ,Set ,- ,CORRECT ,ANSWER-A ,collection ,of ,related ,data ,records ,on ,a ,storage
,device.
Davenport ,Kim ,Three ,Stage ,Model ,- ,CORRECT ,ANSWER-A ,decision ,making ,model
,developed ,by ,Thomas ,Davenport ,and ,Jinho ,Kim ,that ,consists ,of ,three ,stages:
,framing ,the ,problem, ,solving ,the ,problem, ,and ,communicating ,results
Dependent ,Variable ,- ,CORRECT ,ANSWER-The ,variable ,whose ,value ,depends ,on
,one ,or ,more ,variables ,in ,the ,equation; ,typically ,the ,cost ,or ,activity ,to ,be ,predicted
Detractor ,- ,CORRECT ,ANSWER-A ,category ,of ,customer ,used ,in ,the ,calculation ,of
,the ,Net ,Promoter ,Score ,that ,indicates ,an ,unhappy ,customer.
Discrete ,Data ,- ,CORRECT ,ANSWER-Data ,that ,can ,only ,take ,on ,whole ,values ,and
,has ,clear ,boundaries
Double ,Blind ,Study ,- ,CORRECT ,ANSWER-A ,study ,performed ,where ,neither ,the
,treatment ,allocator ,nor ,the ,participant ,knows ,which ,group ,the ,participant ,is ,in
Economic ,Value ,Added ,(EVA) ,- ,CORRECT ,ANSWER-Net ,income ,(after ,taxes)
,earned ,in ,excess ,of ,the ,amount ,of ,net ,income ,required ,to ,earn ,the ,company's ,cost
,of ,capital.
Epidemiology ,- ,CORRECT ,ANSWER-study ,of ,the ,incidence, ,distribution ,and ,possible
,control ,of ,diseases ,and ,other ,factors ,relating ,to ,health