36 Multiple choice questions
Definition 1 of 36
the reliability of the data generated.
Velocity
Weighted Mean
Variance
Veracity
Definition 2 of 36
=mode.sngl(B2:B13)
Variance
Interquartile Range
Standard Deviation
Mode
Term 3 of 36
Standard Deviation
=st.s(b2:b13)
subset of the population.
=stdev.s(B2:B13)
uses models seeking to find a best optimal solution. often these are some type of
optimization model.
, Definition 4 of 36
a measure of how large the standard deviation is relative to the mean.
Coefficient of Variation
Standard Deviation
Interquartile Range
Variance
Definition 5 of 36
a characteristic of interest of an element.
Population
Variance
Sample
Variable
Term 6 of 36
Prescriptive Analytics
z-score greater than 3
lower limit: 𝑄𝑄1−1.5(𝐼𝐼𝑄𝑄𝐼𝐼)
upper limit: 𝑄𝑄3 + 1.5(𝐼𝐼𝑄𝑄𝐼𝐼)
=mode.sngl(b2:b13)
uses models seeking to find a best optimal solution. Often these are some type of
optimization model.
uses statistical models from past data to predict the future forecasting or access the impact
of one variable on another inference.