Exam (elaborations)
ISQS 2340 Exam 2 Review TTU Questions and Answers with Complete Solutions |
- Course
- Institution
ISQS 2340 Exam 2 Review TTU Questions and Answers with Complete Solutions |
[Show more]
Content preview
ISQS 2340 Exam 2 Review TTU Questions andAnswers with Complete Solutions | 2024-2025
What is a data-driven culture? - ANSWER A data-driven culture uses data-
driven decision making
Examples of Google using data and analytics? - ANSWER At Google. decisions
are based on data, analytics and scientific experimentation.
Tried to answer the question of: Do managers matter?Determine the data to use
(see what's available and what might be needed) • Performance reviews (top-
down) and employee surveys (bottom-up) of managers • Looking for variability:
Top and bottom quartiles • Analyze the data using statistical methods
The abundance of data, and its implications and the potential benefits from
analytics for businesses? - ANSWER Big Data - The sheer volume of data
• Increased efficiency • Improved operations • Enhanced customer retention
Purpose and usefulness of Tableau and data visualization in general? -
ANSWER Data visualization is not a personal preference, to be done "just in
case some people are more visual." It is a necessity! • The previous slide is a
classic example of how some insights can only be found through visualization.
Remember the picture superiority effect: pictures are retained at much higher
rates than words.A good visualization reduces the time to insight.
Value creation with data analytics (think exchange transactions and
uncertainties)? - ANSWER NO pie charts! Yes to scatterplots for exploring
relationships. Yes to treemaps for relative proportions. Orient data so people can
read it (better to have a horizontal bar chart than a vertical bar chart). Filled maps
with only one measure, dash boarding
, what is blockchain technology? - ANSWER A blockchain is a distributed ledger
of transactions
Blockchains lineage (where it came from/ first used)? - ANSWER A block
consists of multiple timestamped transactions • Multiple blocks are joined
together in a chain • Nodes are connected devices that have a copy of the entire
blockchain • The nodes are periodically synchronized to ensure consensus
What are the main parts of blockchain technology? - ANSWER 1. Users initiate
transactions using their Digital Signatures. 2. Users Broadcast transactions to
Nodes. 3. One or more Nodes begin validating each transaction. 4.Nodes
aggregate validated transactions into Blocks. 5. Nodes broadcast blocks to each
other. 6. Consensus protocol used. 7. Block reflecting "true state" is chained to
prior Block.
Implications of blockchain buyers, sellers, and the middleman? - ANSWER The
blockchain has the potential to reinvent any transaction that now requires going
through a middleman, including finance, banking, contacts, and retail.
Blockchain applications - ANSWER • Cryptocurrencies, such as Bitcoin,
Ethereum, Litecoin, etc. • Digital identity • Any application where a secure,
immutable record must be shared between multiple parties • ensuring product
authenticity • recording real estate transactions • secure medical records
Various uses of blockchain technology discussed in the prep materials? -
ANSWER finance (bitcoin), banking, contracts (law), retail, voting, music and
other arts, trusted concert tickets, protect sensitive info,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudySet. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now