Descriptive analytics Study guides, Revision notes & Summaries

PROBLEM 1 Situation: Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing down. Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 barrel = 2 standard kegs = 4,032 ounces) with sales exceeding $6.5 million. Action: Using the ...

CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC. TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Companies today are successful when they combine the power of the information age with traditional business methods. ⊚ true ⊚ false 2) Diagnostic analytics is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decisio...

Summary of lectures notes from week 1-6. Includes: -Descriptive analytics -Descriptive Statistics -Variability -Probability -Descrete Probability Distribution -Binomial Distribution -Poisson Distribution -Continuous Probability Distributions

Strategic decision - correct answer involve higher-level issues concerned with the overall direction of the organization what do strategic decisions do? - correct answer define the organization's overall goals and aspirations for the future. tactical decision - correct answer how the organization should achieve the goals and objectives set by its strategy, and they are usually the responsibility of midlevel management. operational decisions - correct answer how the firm is run from...

Test Bank for Business Analytics 2nd edition by James R. Evans (Complete 16 Chapters). Table Of Content Brief Contents Preface About the Author PART 1: Foundations of Business Analytics 1. Introduction to Business Analytics 2. Analytics on Spreadsheets Part 2: Descriptive Analytics 3. Visualizing and Exploring Data 4. Descriptive Statistical Measures 5. Probability Distributions and Data Modeling 6. Sampling and Estimation 7. Statistical Inference Part 3: Predictive Analytics 8. Trendlines and ...

Which category of analytics will knowledge workers use to perform their jobs? All answers are correct: Descriptive analytics techniques that describe past performance and history. Predictive analytics techniques that extract information from data and use it to predict future trends and identify behavioral patterns. Prescriptive analytics techniques that create models indicating the best decision to make or course of action to take. Which of the following refers to applications and tec...

WGU C207 Final Self-Assessment Q&A Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Temperature is not a measure that comes in in...

Power BI DA EXAM 2024 -100: Analyzing Data with Microsoft Power BI. What are the divisions of the core components of analytics? correct answer- To analyze data, core components of analytics are divided into the following categories: -Descriptive -Diagnostic -Predictive -Prescriptive -Cognitive What are descriptive analytics? correct answer- Descriptive analytics help answer questions about what has happened based on historical data. Descriptive analytics techniques summarize large data...

WPC 300 QUIZZES TOGETHER LATEST UPDATE GRADED A+ QUIZ ONE Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias A clustering illusion When you keep eating the food you don't like precisely because you already bought the food, you are committing _______________ Endowment effect bias Sunk-cost fallacy Zero risk bias Availability heuristics bias Sunk-cost fallacy ________ refers to a bias that causes an i...

Power BI DA EXAM 2024 -100: Analyzing Data with Microsoft Power BI. What are the divisions of the core components of analytics? correct answer- To analyze data, core components of analytics are divided into the following categories: -Descriptive -Diagnostic -Predictive -Prescriptive -Cognitive What are descriptive analytics? correct answer- Descriptive analytics help answer questions about what has happened based on historical data. Descriptive analytics techniques summarize large data...