C207 Data-Driven Decision Making exam 2023 with 100% correct answers

Prescriptive Analytics correct answersIncludes experimental design and optimization to suggest a course of action. Can be used to to describe managerial decisions. Biased correct answers Pareto Chart correct answers Descriptive Analytics correct answers Probability theory correct answers Ratio Data correct answersSimilar to interval data in that the data that is ordered within a range and with each data point being an equal interval apart, also has a natural zero point which indicates none of the given quality. Interval Data correct answersData that is ordered within a range and with each data point being an equal interval apart Nominal Data correct answersSometimes called categorical data or qualitative data, this data type is used to label subjects or data by name Ordinal Data correct answersData that places data objects into an order according to some quality with higher order indicating more of that quality