DATA VISUALIZATION EXPLORING AND
EXPLAINING WITH DATA ACTUAL TEST
QUESTIONS AND SOLUTIONS
COMPREHENSIVE REVIEW PACKAGE
●● What does data analytics address?
Answer: Business questions
●● What is big data?
Answer: Datasets which are too large and complex for a company's
existing systems to analyze.
●● What are the 4 V's of big data?
Answer: Volume, Velocity, Variety, Veracity
●● What does 'Volume' refer to in big data?
Answer: The unprecedented amount of data available, often measured in
petabytes.
●● What does 'Velocity' refer to in big data?
Answer: The speed at which data is generated and processed.
, ●● What does 'Variety' refer to in big data?
Answer: The different types of data formats, including traditional and
non-traditional.
●● What does 'Veracity' refer to in big data?
Answer: The accuracy, reliability, and trustworthiness of data.
●● How does data analytics enhance audit quality?
Answer: By providing deeper insights and allowing auditors to analyze
complete data sets instead of sampling.
●● What is the purpose of the IMPACT model?
Answer: To develop data analytics by identifying questions, mastering
data, performing tests, and communicating insights.
●● What is the role of a response variable?
Answer: It is a variable that responds to or is dependent on another
variable.
●● What is a predictor variable?
Answer: A variable that predicts or explains another variable.
●● What is the second step in the IMPACT Cycle?
EXPLAINING WITH DATA ACTUAL TEST
QUESTIONS AND SOLUTIONS
COMPREHENSIVE REVIEW PACKAGE
●● What does data analytics address?
Answer: Business questions
●● What is big data?
Answer: Datasets which are too large and complex for a company's
existing systems to analyze.
●● What are the 4 V's of big data?
Answer: Volume, Velocity, Variety, Veracity
●● What does 'Volume' refer to in big data?
Answer: The unprecedented amount of data available, often measured in
petabytes.
●● What does 'Velocity' refer to in big data?
Answer: The speed at which data is generated and processed.
, ●● What does 'Variety' refer to in big data?
Answer: The different types of data formats, including traditional and
non-traditional.
●● What does 'Veracity' refer to in big data?
Answer: The accuracy, reliability, and trustworthiness of data.
●● How does data analytics enhance audit quality?
Answer: By providing deeper insights and allowing auditors to analyze
complete data sets instead of sampling.
●● What is the purpose of the IMPACT model?
Answer: To develop data analytics by identifying questions, mastering
data, performing tests, and communicating insights.
●● What is the role of a response variable?
Answer: It is a variable that responds to or is dependent on another
variable.
●● What is a predictor variable?
Answer: A variable that predicts or explains another variable.
●● What is the second step in the IMPACT Cycle?
