Module 5

Describe data analysis Correct Answers The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making. In data analytics, what term describes a collection of elements that interact with one another? Correct Answers A data ecosystem Fill in the blank: The primary goal of data ____ is to create new questions using data. Correct Answers Scientist What tactics can a data analyst use to effectively blend gut instinct with facts? Select all that apply: - Apply their unique past experiences to their current work, while keeping in mind the story the data is telling. - Focus on intuition to choose which data to collect and how to analyze it. - Ask how to define success for a project, but rely most heavily on their own personal perspective. - Use their knowledge of how their company works to better understand a business need. Correct Answers - Apply their unique past experiences to their current work, while keeping in mind the story the data is telling. - Use their knowledge of how their company works to better understand a business need. TRUE or FALSE: A furniture manufacturer wants to find a more environmentally friendly way to make its products. A data analyst helps solve this problem by gathering relevant data, analyzing it, and using it to draw conclusions. The analyst then shares their analysis with subject matter experts from the manufacturing team, who validate the findings. Finally a plan is put into action. This scenario best describes data science. Correct Answers FALSE: This business has put data at the heart of its business strategy in order to achieve data-driven decision-making. Fill in the blank: The people very familiar with a business problem are called ____. They are an important part of data-driven decision-making. Correct Answers Subject-matter experts You have just finished analyzing data for a marketing project. Before moving forward, you share your results with members of the marketing team to see if they might have additional insight into the business problem. What practice does this support? Correct Answers Data-driven decision-making