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Heuristics - Answer-Experience, intuition, rules of thumb, think fast. Analytics - Answer-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - Answer-___ of our energy intake goes to the ...
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Add to cartHeuristics - Answer-Experience, intuition, rules of thumb, think fast. Analytics - Answer-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - Answer-___ of our energy intake goes to the ...
Which of the problem statements require "analytical" skill to solve? P1. Do I want to be a business analyst? P2. Do I cross the street when the traffic light is red? A: P1 B: P2 C: P1 & P2 D: None - Answer-A. P1 This involves careful thinking of the past activities and assessment of...
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Add to cartWhich of the problem statements require "analytical" skill to solve? P1. Do I want to be a business analyst? P2. Do I cross the street when the traffic light is red? A: P1 B: P2 C: P1 & P2 D: None - Answer-A. P1 This involves careful thinking of the past activities and assessment of...
Let us assume that you started a job on 8/21/2019. You graduated on 5/20/2022. How many days have you been working at the job as a student? - Answer-1003 (=DAYS(5/20/2022,8/21/2019)) What is the biggest difference between V Look Up and H Look Up - Answer-H Look Up works exactly like VLookUp, exce...
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Add to cartLet us assume that you started a job on 8/21/2019. You graduated on 5/20/2022. How many days have you been working at the job as a student? - Answer-1003 (=DAYS(5/20/2022,8/21/2019)) What is the biggest difference between V Look Up and H Look Up - Answer-H Look Up works exactly like VLookUp, exce...
In Excel regression output, if the p-value associated with a coefficient in a regression analysis is less than the significance level (e.g., 0.05), what does it indicate? - Answer-The coefficient is significant Use regression analysis to predict Gross Earning based on IMDb rating, budget and runt...
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Add to cartIn Excel regression output, if the p-value associated with a coefficient in a regression analysis is less than the significance level (e.g., 0.05), what does it indicate? - Answer-The coefficient is significant Use regression analysis to predict Gross Earning based on IMDb rating, budget and runt...
Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - Ans...
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Add to cartPredictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - Ans...
what makes analytics science - Answer-Analytics is science because Data analytics means Applying scientific methods to the collections and analyses of data, using appropriate methodology, to reveal previously-unknown information and this process is science. characteristics of science - Answer-Que...
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Add to cartwhat makes analytics science - Answer-Analytics is science because Data analytics means Applying scientific methods to the collections and analyses of data, using appropriate methodology, to reveal previously-unknown information and this process is science. characteristics of science - Answer-Que...
For a normal distribution mean is ___ to median - Answer-equal Standard deviation of a normal distribution is a ___? - Answer-Measure of data dispersion Which of the following is an example of a measure of dispersion? - Answer-Variance Which of the following is an example of a sample? - Ans...
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Add to cartFor a normal distribution mean is ___ to median - Answer-equal Standard deviation of a normal distribution is a ___? - Answer-Measure of data dispersion Which of the following is an example of a measure of dispersion? - Answer-Variance Which of the following is an example of a sample? - Ans...
Which of the following violates the principle of data visualization? - Answer-The data-ink ratio should be higher than 1 When the lie-factor of a graphical chart is more than 1, - Answer-the size of the effect shown in the graph is bigger than the actual effect in the data. In for a chart to m...
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Add to cartWhich of the following violates the principle of data visualization? - Answer-The data-ink ratio should be higher than 1 When the lie-factor of a graphical chart is more than 1, - Answer-the size of the effect shown in the graph is bigger than the actual effect in the data. In for a chart to m...
analytical modeling techniques - Answer-Predictive Explanatory Prescriptive Descriptive- - Answer-This is a preliminary stage of data processing that creates a summary of historical data to yield useful information and possibly prepare the data for further analysis. Ex.) What happened? Whats hap...
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Add to cartanalytical modeling techniques - Answer-Predictive Explanatory Prescriptive Descriptive- - Answer-This is a preliminary stage of data processing that creates a summary of historical data to yield useful information and possibly prepare the data for further analysis. Ex.) What happened? Whats hap...
What step of the bullet proof problem solving helps avoid making common decision-making biases? - Answer-Step 4: Build a work plan and time table Primary focus of managerial skills in 1970's - Answer-Focus on strategy Problem solving technique used for prioritization - Answer-Pruning Ste...
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Add to cartWhat step of the bullet proof problem solving helps avoid making common decision-making biases? - Answer-Step 4: Build a work plan and time table Primary focus of managerial skills in 1970's - Answer-Focus on strategy Problem solving technique used for prioritization - Answer-Pruning Ste...
Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - Answer-A clustering illusion When you keep eating the food you don't like precisely because you already bought the food, you are committing _______________ Endowmen...
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Add to cartGamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - Answer-A clustering illusion When you keep eating the food you don't like precisely because you already bought the food, you are committing _______________ Endowmen...
Section A - Answer-Instructions: Use the following data file for this section Section A-Data [Dataset # 1]Preview the document Remember the honor code. This section is worth a total of 37.5 points. In addition to responding to multiple-choice questions, you need to submit an updated data fil...
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Add to cartSection A - Answer-Instructions: Use the following data file for this section Section A-Data [Dataset # 1]Preview the document Remember the honor code. This section is worth a total of 37.5 points. In addition to responding to multiple-choice questions, you need to submit an updated data fil...
For a normal distribution mean is _______ to median. -not equal -greater than -equal -less than - Answer-equal Which of the following describes a positively skewed histogram? -a histogram with large kurtosis -a histogram for which mean and mode values are the same. -a histogram that tails ...
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Add to cartFor a normal distribution mean is _______ to median. -not equal -greater than -equal -less than - Answer-equal Which of the following describes a positively skewed histogram? -a histogram with large kurtosis -a histogram for which mean and mode values are the same. -a histogram that tails ...
heuristic - Answer-learns by acting, uses trial and error, values experience, relies on common sense, seeks satisfying solution analytics - Answer-the process of developing actionable decisions or recommendations for actions based on insights generated from historical data analytic - Answer-le...
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Add to cartheuristic - Answer-learns by acting, uses trial and error, values experience, relies on common sense, seeks satisfying solution analytics - Answer-the process of developing actionable decisions or recommendations for actions based on insights generated from historical data analytic - Answer-le...
Heuristic - Answer-Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics - Answer-developing actionable decisions or rec for action based on insights from his...
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Add to cartHeuristic - Answer-Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics - Answer-developing actionable decisions or rec for action based on insights from his...
Which of the following describes the standard deviation? - Answer-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - Answer-close to 1 According to statistical notation, what does ∑ stand for? - Answer-to...
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Add to cartWhich of the following describes the standard deviation? - Answer-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - Answer-close to 1 According to statistical notation, what does ∑ stand for? - Answer-to...
In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - Answer-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard P...
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Add to cartIn an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - Answer-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard P...
perform business discovery - Answer-In an agile approach of analytics what is the first step of the process? data warehouse - Answer-In an ETL process, data is loaded into a final target database such as: prescriptive analytics - Answer-Which of the following data analysis models use optimizat...
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Add to cartperform business discovery - Answer-In an agile approach of analytics what is the first step of the process? data warehouse - Answer-In an ETL process, data is loaded into a final target database such as: prescriptive analytics - Answer-Which of the following data analysis models use optimizat...
Principles of Problem Framing - Answer-Tell, find and routinize Tell an interesting and complete story - Answer-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - Answer-Break down the prob...
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Add to cartPrinciples of Problem Framing - Answer-Tell, find and routinize Tell an interesting and complete story - Answer-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - Answer-Break down the prob...
Heuristic - Answer-Learns by acting, uses trial and error, values experiences, relies on common sense, seeks satisfying solutions Analytic - Answer-Learns by analyzing, uses step by step procedure, values quantitative and models, builds mathematical models, seeks optimal solution Data extracti...
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Add to cartHeuristic - Answer-Learns by acting, uses trial and error, values experiences, relies on common sense, seeks satisfying solutions Analytic - Answer-Learns by analyzing, uses step by step procedure, values quantitative and models, builds mathematical models, seeks optimal solution Data extracti...
Analytics - Answer-Learns by analyzing uses step by step procedure values quantitative info and models Builds mathematical models and algorithms Seeks optimal solution Heuristics - Answer-Learns by acting Uses Trial and Error Values Experience, effort reduction Relies on common sense Seek...
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Add to cartAnalytics - Answer-Learns by analyzing uses step by step procedure values quantitative info and models Builds mathematical models and algorithms Seeks optimal solution Heuristics - Answer-Learns by acting Uses Trial and Error Values Experience, effort reduction Relies on common sense Seek...
Heuristics - Answer-• Experience • Intuition • Rules of thumb • Think fast Analytics - Answer-the process of developing actionable decisions or recommendations for actions based on insights generated from historical data • Observe what has worked • Experimentation • Collect ...
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Add to cartHeuristics - Answer-• Experience • Intuition • Rules of thumb • Think fast Analytics - Answer-the process of developing actionable decisions or recommendations for actions based on insights generated from historical data • Observe what has worked • Experimentation • Collect ...
What is analytics? - Answer-- It all starts with data - Businesses capture moments of transactions to deliver economic value - Analytics is the process of developing actionable decisions or recommendations for actions based on insights generated from historical data Principles of Problem Framin...
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Add to cartWhat is analytics? - Answer-- It all starts with data - Businesses capture moments of transactions to deliver economic value - Analytics is the process of developing actionable decisions or recommendations for actions based on insights generated from historical data Principles of Problem Framin...
In an agile approach of analytics what is the first step of the process? - Answer-Perform business discovery In an ETL process, data is loaded into a final target database such as: - Answer-Data warehouse What are the four types of data analytical method? - Answer-Descriptive, explanatory, pre...
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Add to cartIn an agile approach of analytics what is the first step of the process? - Answer-Perform business discovery In an ETL process, data is loaded into a final target database such as: - Answer-Data warehouse What are the four types of data analytical method? - Answer-Descriptive, explanatory, pre...
VLOOKUP - Answer-cell we want to look up information for, table with information we want to pull (use absolute reference), column with the corresponding information (number of column ex. A=1), true/false **For range of numbers, they need to be in ascending order (first cell lowest value in lowest...
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Add to cartVLOOKUP - Answer-cell we want to look up information for, table with information we want to pull (use absolute reference), column with the corresponding information (number of column ex. A=1), true/false **For range of numbers, they need to be in ascending order (first cell lowest value in lowest...
Using a pivot table. determine which of the following statements is incorrect - Answer-Category 3 has 54 respondents Using a pivot table, determine which of the following statements is incorrect about the average age of respondents in each age category - Answer-Category 1 average age is 71.2 year...
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Add to cartUsing a pivot table. determine which of the following statements is incorrect - Answer-Category 3 has 54 respondents Using a pivot table, determine which of the following statements is incorrect about the average age of respondents in each age category - Answer-Category 1 average age is 71.2 year...
Numerical data - Answer-Interval Ratio Categorical Data - Answer-Nominal Ordinal Nominal Data - Answer-Data which consists of names, labels, or categories. characterized as 1.) frequency 2.) percentage Categorical: ordinal data - Answer-Can be on an ordinal scale. Numbers are use...
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Add to cartNumerical data - Answer-Interval Ratio Categorical Data - Answer-Nominal Ordinal Nominal Data - Answer-Data which consists of names, labels, or categories. characterized as 1.) frequency 2.) percentage Categorical: ordinal data - Answer-Can be on an ordinal scale. Numbers are use...
As a farmer interested in data-driven decision-making, you want to determine the effect of 3 fertilizers on your crop yield. Which of the following hypothesis testing would you use to determine if there is any difference in the yield between the three fertilizers: paired t-test Two sample t-test...
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Add to cartAs a farmer interested in data-driven decision-making, you want to determine the effect of 3 fertilizers on your crop yield. Which of the following hypothesis testing would you use to determine if there is any difference in the yield between the three fertilizers: paired t-test Two sample t-test...
Multicollinearity occurs when - Answer-two independent variables in the regression model are highly correlated What would be an example of a null hypothesis when you are testing correlations between random variables x and y? - Answer-there is no significant correlation between the variables x and...
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Add to cartMulticollinearity occurs when - Answer-two independent variables in the regression model are highly correlated What would be an example of a null hypothesis when you are testing correlations between random variables x and y? - Answer-there is no significant correlation between the variables x and...
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