ISM 3541 Mid-Term exam with correct |\ |\ |\ |\ |\ |\
answers
A data scientist would consider this type of model for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
understanding the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\
analytics
Data scientists interested in one path and one path only may
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
consider using the following type of analytics? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Predictive |\
As a consultant who works to advise clients on "what if"
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
scenarios, the type of analyst best suited for the consultant is: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Decision |\ |\
Google "Earned Value Management PMBOK" and select the
|\ |\ |\ |\ |\ |\ |\ |\
attribute that answers the question, "How much did the work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
actually cost?" - CORRECT ANSWERS ✔✔Actual Cost (AC)
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Select all that apply. Which components are used to extend data
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
into information? - CORRECT ANSWERS ✔✔Applications such as
|\ |\ |\ |\ |\ |\ |\ |\
the Weather Channel application, Dunkin' Doughnuts application,
|\ |\ |\ |\ |\ |\ |\
Bank of America application, etc.
|\ |\ |\ |\
Reports built with Structured Query Language (SQL)
|\ |\ |\ |\ |\ |\
Expert Systems that focus on capturing knowledge and extending
|\ |\ |\ |\ |\ |\ |\ |\
wisdom
|\
, What have been held together as a thread by an organization for
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
analytics, and that necessary to support the organization's
|\ |\ |\ |\ |\ |\ |\ |\
purpose and existence? - CORRECT ANSWERS ✔✔People, Process,
|\ |\ |\ |\ |\ |\ |\
Technology
|\
Factors that increase the wealth of data _________ and _________
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
are the two major factors presented that would maximize the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
value of an organization's data? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Analytic thinking. A culture that encourages deep learning |\ |\ |\ |\ |\ |\ |\ |\
through research. |\
What historical circumstances now exist that may not continue
|\ |\ |\ |\ |\ |\ |\ |\ |\
indefinitely? - CORRECT ANSWERS ✔✔the dot.com era |\ |\ |\ |\ |\ |\
What historical circumstances allow me to gain access to or to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
build a data asset more cheaply than will be possible in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
future? - CORRECT ANSWERS ✔✔decling cost of storage and the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
increased option |\
Which circumstances will allow me to build a data science team
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
now that would be very costly (or impossible) to build in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
future if the company waits? - CORRECT ANSWERS ✔✔a first
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
mover advantage... |\
Data science intellectual property can include novel techniques
|\ |\ |\ |\ |\ |\ |\ |\
for mining the data or for using the results - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔protect unique intellectual |\ |\
answers
A data scientist would consider this type of model for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
understanding the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\
analytics
Data scientists interested in one path and one path only may
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
consider using the following type of analytics? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Predictive |\
As a consultant who works to advise clients on "what if"
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
scenarios, the type of analyst best suited for the consultant is: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Decision |\ |\
Google "Earned Value Management PMBOK" and select the
|\ |\ |\ |\ |\ |\ |\ |\
attribute that answers the question, "How much did the work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
actually cost?" - CORRECT ANSWERS ✔✔Actual Cost (AC)
|\ |\ |\ |\ |\ |\ |\
Select all that apply. Which components are used to extend data
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
into information? - CORRECT ANSWERS ✔✔Applications such as
|\ |\ |\ |\ |\ |\ |\ |\
the Weather Channel application, Dunkin' Doughnuts application,
|\ |\ |\ |\ |\ |\ |\
Bank of America application, etc.
|\ |\ |\ |\
Reports built with Structured Query Language (SQL)
|\ |\ |\ |\ |\ |\
Expert Systems that focus on capturing knowledge and extending
|\ |\ |\ |\ |\ |\ |\ |\
wisdom
|\
, What have been held together as a thread by an organization for
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
analytics, and that necessary to support the organization's
|\ |\ |\ |\ |\ |\ |\ |\
purpose and existence? - CORRECT ANSWERS ✔✔People, Process,
|\ |\ |\ |\ |\ |\ |\
Technology
|\
Factors that increase the wealth of data _________ and _________
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
are the two major factors presented that would maximize the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
value of an organization's data? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Analytic thinking. A culture that encourages deep learning |\ |\ |\ |\ |\ |\ |\ |\
through research. |\
What historical circumstances now exist that may not continue
|\ |\ |\ |\ |\ |\ |\ |\ |\
indefinitely? - CORRECT ANSWERS ✔✔the dot.com era |\ |\ |\ |\ |\ |\
What historical circumstances allow me to gain access to or to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
build a data asset more cheaply than will be possible in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
future? - CORRECT ANSWERS ✔✔decling cost of storage and the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
increased option |\
Which circumstances will allow me to build a data science team
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
now that would be very costly (or impossible) to build in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
future if the company waits? - CORRECT ANSWERS ✔✔a first
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
mover advantage... |\
Data science intellectual property can include novel techniques
|\ |\ |\ |\ |\ |\ |\ |\
for mining the data or for using the results - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔protect unique intellectual |\ |\
