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OMIS 472 Exam 1 Question and answers verified to pass
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OMIS 472 Exam 1 Question and answers verified to pass OMIS 472 Exam 1 T/F: Knowledge provides the answer to why something is the way it is. - correct answer True Data scientists are specialists in: - correct answer mathematics computer science statistics T/F: In retail, Analytics i...

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  • November 6, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS 472 Exam 1
T/F: Knowledge provides the answer to why something is the way it is. -
correct answer ✔True


Data scientists are specialists in: - correct answer ✔mathematics
computer science
statistics


T/F: In retail, Analytics is used extensively to assist in pricing, timing of pricing
strategies, and amount of discounts; product placement; and up-selling and
cross-selling of products. - correct answer ✔True


Data science is the intersection of ALL of the following EXCEPT - correct
answer ✔algorithms


T/F: The top five drivers for better analytics are: accountability for results, the
analytic environment, business complexity, the increase in data availability,
and risk management. - correct answer ✔False


T/F: Most data analysis is being performed by managers and other business
users, who may have not received formal education related to data analysis. -
correct answer ✔True


T/F: Business Intelligence focuses primarily on business data, financial data,
and big data to gain business value, customer loyalty, and other benefits -
correct answer ✔False

, Statistics is a rigorous branch of mathematics that deals with - correct answer
✔understanding data


T/F: Data analytics is not particularly valuable for fraud detection and
prevention. - correct answer ✔False


Demand forecasting is the core of: - correct answer ✔manufacturing


Web crawlers: - correct answer ✔search web sites one page at a time for
information


A typical use of social media data is to: - correct answer ✔identify consumer
buying habits, likes and dislikes


To detect fraud and errors, auditors need to examine: - correct answer ✔all
of the data within a company's database


Satellites orbiting the earth provide scientists with data regarding: - correct
answer ✔changes to the environment
weather conditions
population concentrations


Usually, data contained in informational systems are: - correct answer ✔fully
integrated


A common business use of spreadsheets is for: - correct answer ✔Budgeting


Flat files are utilized to: - correct answer ✔consolidate or synchronize data

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