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Business Analytics Quiz 1 with actual answers.
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Business Analytics Quiz 1 with actual answers.

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  • August 26, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • business analytics quiz 1 with actual answers

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  • Business Analytics
  • Business Analytics

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Business Analytics Quiz 1 with actual
answers.

business analytics ANS - combines qualitative reasoning with quantitative tools to identify key business
problems and translate data analysis into decisions that improve business performance



A 'variable' is defined as when a characteristic of interest differs in kind or degree among various
observations. ANS - True



A weakness of 'ordinal data' is that we cannot interpret the difference between the ranked value; For
example, if someone finishes first, second, or third in a foot race, there is not necessarily the same
'difference in time' between first place and second place, as there is between second place and third
place. ANS - True



In which data format does each column start and end at the same place in every row? ANS - Fixed-
width



" ", " " and " " are the three broad categories of analytics techniques designed to extract value from
data? Note: You do not need to add the word 'analytics' in your responses. ANS - Descriptive,
Predictive, Prescriptive



A ____________ consists of all observations or items of interest in an analysis. ANS - Population



Which of the following is an example of machine-generated data? ANS - A. Mobile Phone conversations

B.Meteorological data

C.Information on price

D.Social media data

Answer: B



Gender is an example of which measurement scale? ANS - A. Interval

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