WorksheetsINTRODUCTION TO BUSINESS ANALYTICS
Total questions: 20
Worksheet time: 3mins
Business analytics results in which of these?
Evidence Based Decisions
Data Driven Decisions
Better DecisionsAll of these are correct
All of these are correct
What statement below best describes why we do data analytics in business
a. Analytics improve our understanding of how the business works
b. We must show a return on the investment we make in data & analytical resources
c. We need specific insights to make business decisions
d. We have to calculate & report financial results to owners / shareholders
Areas of Analytics
a. Visualization
b. Test Analytics
c. Forecasting
d. Volume
Ares of Analytics
a. Data Mining
b. Statistics
c. Big Data
d. Optimization
Challenges of Business Analytics
a. Analytical Process
b. Environment
c. Competition
d. Customers
Business Analytics (BA) is a broad category of application programs which includes
Decision support
Data mining
OLAP
All of the mentioned
The first step in the business analytic process is
a. Determine the needs of the business
b. Collect the data
c. Predict the outcome
d. Analyze the data
Challenges of Business Analytics
a. Analytical Process
b. Environment
c. Competition
d. Customers
What is data that is grouped in evenly distributed values and measured based on the group to which the variable is attributed
a. Data
b. Nominal Data
c. Ordinal Data
d. Interval measurement
Indicate which level of measurement is being used in the given scenario. A car magazine lists the most expensive cars for 2017
a. nominal
b.ordinal
c.Interval
d.Ratio
Indicate which level of measurement is being used in the given scenario. The roster of a basketball team lists the jersey numbers for each of the players.
Nominal
Ordinal
Interval
Ratio
Is the following qualitative or quantitative data? Favorite foods of statistics class.
a. Qualitative
b. Quantitative
Ages of students in a statistics class
Nominal
Ordinal
Interval
Ratio
A qualitative variable
A.Always refers to a sample
B. Is not numeric
C.Has only two possible outcomes
D.All of the above
Indicate which level of measurement is being used in the given scenario. A meteorologist compiles a list of temperatures in degrees Celsius for the month of May.
a.nominal
b. ordinal
c. ratio
d. Interval
Determine the level of measurement. Weight of walleye caught on Lake Erie
Nominal
Ordinal
Interval
Ratio
Birth order
Nominal
Ordinal
Interval
Ratio
Ideal Volume
Nominal
Ordinal
Interval
Ratio
A qualitative variable
Always refers to a sample
Is not numeric
Has only two possible outcomes
All of the above are correct
Data consists of numbers representing counts or measurements
Mathematical data
Categorical data
Quantitative Data
Population data
