AN 300 EXAM QUESTIONS & ANSWERS
It is to choose among alternative courses of action to improve organization performance
- Answers :Which of the following is the definition of decision making you learned from
this class?
1. Define a decision making decision
2. Determine the criteria used to evaluate alternative solutions
3. Identify alternative solutions
4. Evaluate each alternative using the chosen criteria
5. Chose one alternative - Answers :Chronological sequence of the decision making
process
-Scientific/Objective
- Fact based
- Data driven
- Actionable insights
- Computer aided - Answers :The characteristics of a business analytics approach to
decision making include________.
Tradition - Answers :"We will not offer online shopping because we are always a
conventional brick-and-Mortar store" is an example of making decisions based
on________
What has happened? - Answers :Descriptive analytics
What could happen? - Answers :predictive analytics
What should happen? - Answers :Prescriptive analytics
-Data queries
-Data-mining
-Data dashboards
-Reports - Answers :Descriptive analytics techniques include
cluster analysis - Answers :Descriptive data mining technique
-Variety
-Volume
-Veracity
-Velocity - Answers :Big data characteristics
SAS Enterprise Miner - Answers :A predictive analytics software tool is
Decision rules - Answers :Prescriptive analytics technique includes
, -finance
-HR
-marketing
-healthcare
-supply chain
-sports - Answers :Examples of illustrative business analytics applications
Reproducible - Answers :A Scientific approach of business analytics is ______
Software - Answers :Business Analytics tools are essentially_______
-Data pre-processing
-Data acquisition
- Data query
-Data reporting
-Data visualization
-Data anylyses - Answers :Software that offers business analytics functionalities
1989 and developed at SAS John Sall - Answers :When and who was JMP developed
by
It's goal is to transform a world of data into intelligence - Answers :JMP Goal
Stanford 2003 - Answers :When and where was tableau developed
It's goal is to made data understandable to ordinary people - Answers :Tableau's goal
Shape raw data to meet quality & structural requirements (acquisition and pre-
processing) - Answers :Data Preparation:
Ask the right question & highlight important issues (data query and reporting) - Answers
:Preliminary analysis:
Field, record, table, database - Answers :Data Hierarchy
First hand data collected directly from where the data originates (business transactions,
customer feedback, surveys) - Answers :primary data
Second-hand data collected by someone else and made available to others (public or
external outlets) - Answers :Secondary data
Data Cleaning Process - Answers :Make it accurate, complete, and unbiased
Recoding - Answers :Replace incorrect/missing/extreme data values with legitimate and
correct one
It is to choose among alternative courses of action to improve organization performance
- Answers :Which of the following is the definition of decision making you learned from
this class?
1. Define a decision making decision
2. Determine the criteria used to evaluate alternative solutions
3. Identify alternative solutions
4. Evaluate each alternative using the chosen criteria
5. Chose one alternative - Answers :Chronological sequence of the decision making
process
-Scientific/Objective
- Fact based
- Data driven
- Actionable insights
- Computer aided - Answers :The characteristics of a business analytics approach to
decision making include________.
Tradition - Answers :"We will not offer online shopping because we are always a
conventional brick-and-Mortar store" is an example of making decisions based
on________
What has happened? - Answers :Descriptive analytics
What could happen? - Answers :predictive analytics
What should happen? - Answers :Prescriptive analytics
-Data queries
-Data-mining
-Data dashboards
-Reports - Answers :Descriptive analytics techniques include
cluster analysis - Answers :Descriptive data mining technique
-Variety
-Volume
-Veracity
-Velocity - Answers :Big data characteristics
SAS Enterprise Miner - Answers :A predictive analytics software tool is
Decision rules - Answers :Prescriptive analytics technique includes
, -finance
-HR
-marketing
-healthcare
-supply chain
-sports - Answers :Examples of illustrative business analytics applications
Reproducible - Answers :A Scientific approach of business analytics is ______
Software - Answers :Business Analytics tools are essentially_______
-Data pre-processing
-Data acquisition
- Data query
-Data reporting
-Data visualization
-Data anylyses - Answers :Software that offers business analytics functionalities
1989 and developed at SAS John Sall - Answers :When and who was JMP developed
by
It's goal is to transform a world of data into intelligence - Answers :JMP Goal
Stanford 2003 - Answers :When and where was tableau developed
It's goal is to made data understandable to ordinary people - Answers :Tableau's goal
Shape raw data to meet quality & structural requirements (acquisition and pre-
processing) - Answers :Data Preparation:
Ask the right question & highlight important issues (data query and reporting) - Answers
:Preliminary analysis:
Field, record, table, database - Answers :Data Hierarchy
First hand data collected directly from where the data originates (business transactions,
customer feedback, surveys) - Answers :primary data
Second-hand data collected by someone else and made available to others (public or
external outlets) - Answers :Secondary data
Data Cleaning Process - Answers :Make it accurate, complete, and unbiased
Recoding - Answers :Replace incorrect/missing/extreme data values with legitimate and
correct one
