Bsan 160 - Study guides, Revision notes & Summaries

Researchers studying the relationship between honesty, age, and self-control conducted an experiment on 160 children between the ages of 5 and 15. Participants reported their age, sex, and whether they were an only child or not. The researchers asked each child to toss a fair coin in private and to record the outcome (white or black) on a paper sheet, and said they would only reward children who report white. Half the students were explicitly told not to cheat and the others were not given any e...

BSAN 160 Final - Terms Descriptive Analytics - Answer- the use of data to understand past and current business performance and make informed decisions Predictive Analytics - Answer- extracts information from data and uses it to predict future trends and identify behavioral patterns Prescriptive Analytics - Answer- The set of analytical techniques that yield a best course of action. Data - Answer- Facts and statistics collected together for reference or analysis structured data - A...

P-Value Definition - correct answers The probability of observing a test statistic at least as extreme as the one observed assuming the null hypothesis is true. Central Limit Theorem - correct answers For a sufficiently large sample size the sample mean follows a normal distribution. Linear Regression Formula - correct answers Y = B0 + (B1)(X1) + (B2)(X2) ..... + E Why do we consider unobserved sample mean to be a random variable? - correct answers Not yet observed sample means are cons...

Theme - correct answers Central Idea Themes Of The Warriors Heart - correct answers Strength is key, Never give up, Overcome challenges, Be thankful, Giving Back Themes Of Death Be Not Proud - correct answers Time is key/precious, Don't take things for granted, Overcome Challenges, Be Hopeful, Stay Positive, Be Thankful Theme - correct answers . The central, underlaying, and controlling idea or insight of a work of literature . The idea the writer wishes to convey about the about the ...

4 important things to know about business analytics - correct answers Data is everywhere, there is always a solution, following a process to determine the solution always works, and finding that process can be one of the biggest challenges. Business analytics is the use of: - correct answers data, information technology, statistical analysis, quantitative methods, and mathematical/computer based models Business analytics is used to: - correct answers help manager gain improved insight abou...

Give the definition of a p-value - correct answers the probability of observing a test statistic at least as extreme as the one observed assuming the null hypothesis is true Explain/provide the Central Limit Theorem - correct answers for sufficiently large sample size the distribution of the sample mean is approximately normal State the linear regression formula and list the three key assumptions - correct answers Y = B(0) + B(1)X + E 1) linear relationship 2) constant variance 3) err...

Name the function in R that combines data elements together into a vector - correct answers c() instead of the equal sign, in R, what is the operator that is used to assign a value to a variable? - correct answers <- understanding data science is important because data analysis is so critical to business strategy, and because data analytics projects reach into all business units. - correct answers true data scientists play active roles in the four As of data: data architecture, data ...

company would most likely prepare a proposal for which of the following reasons? a. To make an offer to solve problems, provide services, or sell products b. To advertise for applicants to fill an open position c. To announce a new wellness program for employees d. To deliver bad news to employees - correct answers a. To make an offer to solve problems, provide services, or sell products All the following statements about proposals are accurate except_________. a. proposals can b...

Statistics - correct answers Statistics is the science of collecting, organizing, summarizing, and analyzing information to draw a conclusion and answer questions. In addition, statistics is about providing a measure of confidence in any conclusions. Descriptive - correct answers Statistics consists of organizing and summarizing information collected. Inferential - correct answers Statistics uses methods that generalize results obtained from a sample to the population and measure the relia...

Business analytics - correct answers The collection, analyzing, and application of data to generate business knowledge; found in sales, operations, accounting, marketing, etc. Impacts of analytics - correct answers Benefits: reduced costs, faster decisions, better productivity Challenges: Competing business priorities, insufficient analytical skills, lack of understand how to use analytics Types of analytics - correct answers descriptive: gives general idea and helps to identify trends; p...