Data Quiz

What is data in the context of information processing and analysis?

• Raw facts and figures

• Processed information

• Analysis results

• Software tools

Which of the following is NOT a type of data?

• Qualitative

• Quantitative

• Binary

• Abstract

Which of the following is considered a primary data source?

• A research paper summarizing previous studies

• A survey conducted by the researcher

• Government statistics

• Industry reports

Which phase of the data lifecycle involves cleaning and preparing the data for analysis?

• Data Collection

• Data Storage

• Data Processing

• Data Archiving

What scale of measurement allows for both order and meaningful differences between values but does not have a true zero point?

• Nominal

• Ordinal

• Interval

• Ratio

How would you typically use ordinal data in business analytics?

• To calculate means

• To determine rankings

• To measure exact values

• To identify categories

Which of the following best describes continuous data?

• Data that can only take discrete values

• Data that can take any value within a range

• Data that is categorical

• Data that has fixed intervals

What type of data is used to track changes over time?

• Cross-sectional Data

• Time Series Data

• Longitudinal Data

• Panel Data

What is data called that is collected directly from the source by the researcher?

• Secondary Data

• Tertiary Data

• Primary Data

• Derived Data

Why is data considered critical in decision-making processes?

• It provides anecdotal evidence

• It helps in making evidence-based decisions

• It replaces human intuition

• It guarantees accuracy