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WorksheetsBusiness Analytics
Total questions: 10
Worksheet time: 5mins
A restaurant owner decides to add a new dish to the menu simply because they have a 'good feeling' it will be popular. According to the source material, this approach is the opposite of:
An AI Mindset
Business Intelligence
Business Analytics
Data Collection
An analyst looks at raw sales data and organizes it to show that 'Sales drop every Monday.' In the 'Data ? Information ? Insight ? Decision' chain, what does this organized finding represent?
Data
Decision
Insight
Information
A company's customer database includes a 'City' column with entries like 'Delhi', 'Pune', etc. What type of data is this?
Numerical Data
Time Series Data
Unstructured Data
Categorical Data
Using the wardrobe analogy from the notes, a company's database of sales transactions, neatly organized in an Excel sheet with rows and columns, is an example of what?
Structured Data
Unstructured Data
GIGO Data
Time Series Data
A marketing team makes a decision to invest heavily in a new campaign based on a report. Later, they discover the report was based on incomplete survey data. The campaign fails. This entire situation perfectly illustrates which concept?
The GIGO Rule
The Data-Decision Lifecycle
AI vs BI
Structured Data
An analytics tool tells a manager, 'Based on current trends, we predict that sales will increase by 15% next month, so you should stock more inventory.' This is a clear example of:
Data Cleaning
Artificial Intelligence (AI)
Business Intelligence (BI)
Data Collection
A manager says, 'Customer satisfaction is declining.' Which of the following is the BEST conversion of this business problem into a specific data question?
Why are customers unhappy?
Which specific product feature is mentioned most frequently in 1-star reviews from the last quarter?
We need to improve our customer service.
Are customers giving bad reviews?
In the Cafe Business example of the Data-Decision Lifecycle, what is the 'Insight'?
Promoting a sandwich lunch combo.
Removing duplicate bills from the data.
Collecting the sales data of each item.
Realizing that sandwiches sell more at lunchtime.
A Zomato review that says 'Food was lit ??' is an example of which two data types?
Categorical and Structured
Numerical and Time Series
Numerical and Structured
Text and Unstructured
Which statement best summarizes the core principle of Business Analytics as described in the material?
The only data that matters is numerical data because it can be calculated.
Businesses that use data evidence to make decisions outperform those that rely on guessing.
Organizing data into neat tables is the most important goal.
Businesses should only focus on predicting the future with AI.
