Business Statistics Flashcard

Front

The type of analytics whose models yield a best course of action to take is _____ analytics.

Back

prescriptive

Front

Data dashboard is an analytical technique that falls in the category of _____ analytics.

Back

descriptive

Front

Simulation, which is the use of probability and statistical computer models to better understand risk, falls under the category of _____ analytics.

Back

predictive

Front

Different methods of developing useful information from large databases are dealt with under

Back

data mining.

Front

The process of capturing, storing, and maintaining data is known as

Back

data warehousing.

Front

Categorical data

Back

are labels used to identify attributes of elements.

Front

Which of the following is a categorical variable?

• Your age when you began college
• Your Social Security Number
• Your statistics class start time
• Your birth year

Back

Your Social Security Number

Front

A student’s dormitory room number is an example of

Back

a categorical variable.

Front

A survey to collect data on the entire population is a(n)

Back

census.

Front

Which of the following is not an example of a firm that sells or leases business database services to clients? Options: Dun & Bradstreet, Bloomberg, Census Bureau, Dow Jones & Co.

Back

Census Bureau