ISDS 361A Exam 1 / ISDS 3115 Test 1 –
Complete Study Guide & Practice Questions
Statistics - ---✔✔✔ANSWER----a way of getting information
-helps make valid decisions.
Data - ---✔✔✔ANSWER----the facts and figures collected, analyzed, and
summarized for presentation and interpretation
information - ---✔✔✔ANSWER----Data converted into a meaningful and
useful context
, business decisions - ---✔✔✔ANSWER----these include strategic decisions
(very important ones which can affect the overall success of the business)
Business Analytics - ---✔✔✔ANSWER----the scientific process of
transforming data into insight for making better business decisions.
Data science - ---✔✔✔ANSWER----Managing and analyzing massive sets
of data for purposes such as target marketing, trend analysis, and the creation of
individually tailored products and services.
Descriptive statistics - ---✔✔✔ANSWER----Data that is summarized and
presented in a form that is easy for the reader to understand.
-statistical information in newspapers, magazines, company reports, and other
publications
--summaries of data which may be tabular, graphical, or numerical.
inferential statistics - ---✔✔✔ANSWER----statistics using data from a
sample to make estimates and test hypotheses about the characteristics of a
population.
-goes beyond the data at our disposal.
-drawing conclusions. large set of data: population, which is based on smaller set
of sample data.
Complete Study Guide & Practice Questions
Statistics - ---✔✔✔ANSWER----a way of getting information
-helps make valid decisions.
Data - ---✔✔✔ANSWER----the facts and figures collected, analyzed, and
summarized for presentation and interpretation
information - ---✔✔✔ANSWER----Data converted into a meaningful and
useful context
, business decisions - ---✔✔✔ANSWER----these include strategic decisions
(very important ones which can affect the overall success of the business)
Business Analytics - ---✔✔✔ANSWER----the scientific process of
transforming data into insight for making better business decisions.
Data science - ---✔✔✔ANSWER----Managing and analyzing massive sets
of data for purposes such as target marketing, trend analysis, and the creation of
individually tailored products and services.
Descriptive statistics - ---✔✔✔ANSWER----Data that is summarized and
presented in a form that is easy for the reader to understand.
-statistical information in newspapers, magazines, company reports, and other
publications
--summaries of data which may be tabular, graphical, or numerical.
inferential statistics - ---✔✔✔ANSWER----statistics using data from a
sample to make estimates and test hypotheses about the characteristics of a
population.
-goes beyond the data at our disposal.
-drawing conclusions. large set of data: population, which is based on smaller set
of sample data.
