- Study guides, Class notes & Summaries

predictive analytics means - correct answer what could happen what type of analytics would we use to find out what has happened - correct answer descriptive analytics what can prescriptive analytics tell us - correct answer what should we do the first part of the analytics process and arguably the most important part is to... - correct answer identify and define a business problem ______ refers to data that have been organized so that they have meaning and value t...

-

8 pages

Written in 2024/2025

Grade A+

Rechga

steps to the analytic process - correct answer 1. identify business problem 2. data collection - data types - use all data or random sample 3. past/what has happened 4. predict what will happen quantitative data - correct answer numerical data that can be measured, must have units, continuous or discrete categorical/qualitative data - correct answer describes things, categorized based on traits or characteristics that can be counted, open ended questions, ordinal or n...

-

5 pages

Written in 2024/2025

Grade A+

Rechga

The mean life of a pair of shoes is 40 months with a standard deviation of 8 months. If the life of the shoes is normally distributed, how many pairs of shoes out of one million will need replacement before 36 months? - correct answer 308,537 A standard normal distribution has a mean of_______ and standard deviation of _________. - correct answer Zero, One The area under the normal curve between z=0 and z=1 is_________ the area under the normal curve between z=1 and z=2. - correc...

-

6 pages

Written in 2024/2025

Grade A+

Rechga

Inductive reasoning - correct answer A type of logic in which generalizations are based on a large number of specific observations. from data > pattern > insights > discovery/theory deductive reasoning - correct answer reasoning in which a conclusion is reached by stating a general principle and then applying that principle to a specific case (The sun rises every morning; therefore, the sun will rise on Tuesday morning.) theory > hypothesis > observation > co...

-

10 pages

Written in 2024/2025

Grade A+

Rechga

Convience Sampling - correct answer In _____________ we select elements because they are easy to sample Probability Sampling - correct answer __________ is where we know the chance that each element will be included in the sample, which allows us to make statistical inferences about the same population All of the above - correct answer Which of the following is a type of question used in survey research? Dichotomous, Open-ended, and Multiple Choice Frame - correct answer ...

-

4 pages

Written in 2024/2025

Grade A+

Rechga

BUAL-5660 Exam 1 Questions and Answers

-

8 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL EXAM ONE QUESTIONS AND CORRECT ANSWERS

-

9 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL Exam 1 Study Guide Questions and Answers

-

3 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 5660 Exam 1 Questions and Answers

-

12 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 5650 Final Exam Questions and Answers

-

5 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 5380 Sample Problems Exam 1

-

4 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 5380 Final Exam Questions and Answers

-

3 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Final Test Questions and Answers

-

5 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Final Exam Questions and Answers

-

7 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Exam 3 Questions and Answers

-

7 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 EXAM 1 STUDY GUIDE QUESTIONS AND ANSWERS

-

4 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Exam 1 Questions and Answers

-

13 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Exam 1 Questions and Answers

-

7 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2650 Exam 1 Park Questions and Answers

-

4 pages

Written in 2024/2025

Grade A+

Zanaya

BUAL 2600 Final Exam Questions and Answers

-

14 pages

Written in 2024/2025

Grade A+

Zanaya