Assessment Exam Question And
Answers 2024
Analytics is a broad term that refers to a variety of tools
that inform managerial decisions. Which term can be
used to describe managerial decisions? - correct
answers✅Prescriptive
What are two reasons for increasing the use of analytics
in organizational decision making? - correct
answers✅1. Relatively lower cost of computer storage
2. Higher computer processing power
How does probability theory inform decision making for
managers? - correct answers✅By quantifying risk
Which type of data are the Olympic medals of gold, silver,
and bronze example of? - correct answers✅Ordinal
(categorial)
What are two aspects of data quality management? -
correct answers✅1. It reduces the amount of
incomplete data
2. It cleans data
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Assessment Exam Question And
Answers 2024
Which two attributes indicate potential data quality issues
when evaluating a set of nominal data? - correct
answers✅1. Missing Data
2. Misspelled data
When conducting a study that measures an individual's
weight, all scales are calibrated prior to use in
measurement.
Which type of error should this procedure significantly
reduce? - correct answers✅Systematic error
An advertising manager creates a research study by
presenting low, medium or high frequency of the same ad
in matched markets. The manager then reports on sales
in each market location.
What is the term for the different sales in this study? -
correct answers✅Response variable
Healthcare study follows a particular sample over time to
identify how the health habits of teenagers impact their
likelihood of acquiring various diseases later in their life.
The healthcare org hopes the data will allow them to
create early prevention programs.
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Assessment Exam Question And
Answers 2024
Which type of research design does this study describe? -
correct answers✅Cohort study
Several missing values in a particular field in a dataset
were observed. The likelihood of a record having a
missing value is correlated to another variable in the
dataset.
Which two types of error might be introduced into the
dataset if the removed record included missing values? -
correct answers✅Systematic error
Omission error
A company is trying to increase online sales revenue by
improving its email advertising campaign for repeat
customers as well as new customers.
Which two variables would be used in determining a
campaign to maximize revenue gain? - correct
answers✅Number of purchases per email
Spending per purchase
A company that raises turkeys hopes to increase the rate
of growth while controlling the cost of feeding them. It