ISM 3541 Mid-Term exam with correct answers

ISM 3541 Mid-Term exam with correct |\ |\ |\ |\ |\ |\




answers


A data scientist would consider this type of model for an
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understanding the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\


analytics


Data scientists interested in one path and one path only may
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consider using the following type of analytics? - CORRECT
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ANSWERS ✔✔Predictive |\




As a consultant who works to advise clients on "what if"
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scenarios, the type of analyst best suited for the consultant is: -
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CORRECT ANSWERS ✔✔Decision |\ |\




Google "Earned Value Management PMBOK" and select the
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attribute that answers the question, "How much did the work
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actually cost?" - CORRECT ANSWERS ✔✔Actual Cost (AC)
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Select all that apply. Which components are used to extend data
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into information? - CORRECT ANSWERS ✔✔Applications such as
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the Weather Channel application, Dunkin' Doughnuts application,
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Bank of America application, etc.
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Reports built with Structured Query Language (SQL)
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Expert Systems that focus on capturing knowledge and extending
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wisdom
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, What have been held together as a thread by an organization for
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analytics, and that necessary to support the organization's
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purpose and existence? - CORRECT ANSWERS ✔✔People, Process,
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Technology
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Factors that increase the wealth of data _________ and _________
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are the two major factors presented that would maximize the
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value of an organization's data? - CORRECT ANSWERS
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✔✔Analytic thinking. A culture that encourages deep learning |\ |\ |\ |\ |\ |\ |\ |\


through research. |\




What historical circumstances now exist that may not continue
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indefinitely? - CORRECT ANSWERS ✔✔the dot.com era |\ |\ |\ |\ |\ |\




What historical circumstances allow me to gain access to or to
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build a data asset more cheaply than will be possible in the
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future? - CORRECT ANSWERS ✔✔decling cost of storage and the
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increased option |\




Which circumstances will allow me to build a data science team
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now that would be very costly (or impossible) to build in the
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future if the company waits? - CORRECT ANSWERS ✔✔a first
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mover advantage... |\




Data science intellectual property can include novel techniques
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for mining the data or for using the results - CORRECT ANSWERS
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✔✔protect unique intellectual |\ |\