COMPREHENSIVE OBJECTIVE ASSESSMENT
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Amanda is measuring the temperature. She looks at the thermometer and sees that
it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the
temperature in between two integers because she knows temperature is not
________ data, but temperature is _________ data. - THE CORRECT
ANSWER - Discrete, Continuous
The first stage of Davenport and Kim's Three Stage Model of quantitative
decision making is to... - THE CORRECT ANSWER - ...frame the problem.
A manager is looking at his previous quarter and determining the causes for the
sudden sales spike to gain a better understanding of the actions and outcomes. If
using analytics, which kind of analytics would the manager use? - THE
CORRECT ANSWER - Descriptive Analytics
In a study of cancer treatments, the subjects and the treatment allocator (who is
also the data gatherer) are unaware of which treatment is being given to which
subject. This is a ____________ study. - THE CORRECT ANSWER -
Double-Blind
Adam is measuring the temperature as the lake outside his office is freezing over.
He measures the temperatures in Fahrenheit ten times with the same thermometer
and gets the following results: 20, 18, 21, 20, 20, 14, 19, 21, 20, 19. Is his
thermometer reliable? Is it valid? - THE CORRECT ANSWER - Reliable
but not Valid
The thermometer consistently gives about the same number for the freezing point
and therefore is reliable. It is not valid because it does not accurately measure
what it is trying to measure. We know this because we know water freezes at 32
degrees Fahrenheit.
,Toby is trying to determine the number of people at today's parade in order to
determine the impact of advertising at parades. He asks a number of different
people leaving the parade their projected number of attendants. He gets the
following responses: 70,000; 450,000; 2,000; 130,000; 3,000,000; 75,000;
200,000; 800,000; 150,000; and 210,000. Is this survey reliable? Is it valid? -
THE CORRECT ANSWER - Not Reliable or Valid
Harry is doing a survey of the city of Los Angeles' population. He is wondering
everyone's favorite food. He sends out a survey to all of the home-owners and
renters in the city and receives basically all of the surveys back in the mail. What
is the flaw with this experiment? - THE CORRECT ANSWER - Truly
Representative Sample (doesn't include the homeless)
Tom Brady is on the street in Chicago. He is asking anyone he meets if they prefer
Tom Brady or Peyton Manning. The survey results show that people greatly
prefer Tom Brady. What is the flaw with this experiment? - THE CORRECT
ANSWER - Response Bias
as the respondents might be responding believing that Tom Brady wants to hear
that they prefer him over Peyton Manning. This is not Conscious bias as
conscious bias would be in the way Tom Brady is asking a question and this
scenario does not indicate any bias in that way.
Determine the Mean, Median, and Mode (in that order) from the following test
results.
23, 54, 67, 71, 72, 74, 74, 75, 77, 77, 77, 78, 80, 81, 81, 83, 84, 86, 89, 89, 89, 89,
95, 99, 100 - THE CORRECT ANSWER - 78.56, 80, 89
What percent of the data in a normal distribution is between the mean and two
standard deviations above the mean? - THE CORRECT ANSWER - 47.7
percent
A Pareto chart is a type of ________. - THE CORRECT ANSWER - bar
chart
Cluster analysis sorts data points into ___________ and is often used in studying
market ____________. - THE CORRECT ANSWER - "natural" groups,
demographics.
, In a prioritization matrix, the weighting factor is ________the option ranking to
get the weighted score for each cell in the matrix. - THE CORRECT
ANSWER - multiplied by
"Where you enact the change on a larger scale, making it a part of normal
operations." This is which step in the PDCA cycle? - THE CORRECT
ANSWER - Act
Which of the following answers is a step in Quality Control, not Quality
Assurance? - THE CORRECT ANSWER - Inspection and repair
A SIPOC Diagram is very helpful in following a whole process of a company. It
stands for Supplier, Input, Process, Output, and _______. - THE CORRECT
ANSWER - Customer
Which "new" tool shows the hierarchy of items in a graphic format where each
successive step breaks things down into greater detail? - THE CORRECT
ANSWER - Tree diagram
Descriptive Analytics - THE CORRECT ANSWER - the use of data to
understand past and current business performance and make informed decisions
Predictive Analytics - THE CORRECT ANSWER - the use of past data to
model future outcomes
Prescriptive Analytics - THE CORRECT ANSWER - use techniques that
create models indicating the best decision to make or course of action to take
4 components of Big Data - THE CORRECT ANSWER - Structured and
Unstructured data, large quantities, cannot use traditional software and databases
Data Mining - THE CORRECT ANSWER - finding hidden patterns within
Big Data
3 Steps of Davenport-Kim Three-Stage Model - THE CORRECT ANSWER
- 1. framing the problem
2. solving the problem
3. communicating results