Module 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Quantitative analysis is another name for what?
A) algebra
B) mathematics
C) statistics
D) probability - CORRECT ANSWER c) statistics
If a dataset is presented on a scale of hours per week, which scale of measurement is being
used?
A) nominal
B) ordinal
C) interval
D) ratio - CORRECT ANSWER d) ratio
The use of data, statistical and quantitative analysis, explanatory and predictive models, and
fact-based management to drive decisions and add value is called ________.
A) analytics
B) logic
C) statistics
D) data mining - CORRECT ANSWER a) analytics
Analytics makes use of all these things to drive decision making and add value.
First, second, third, fourth... What kind of data does this represent?
, A) continuous data
B) nominal data
C) discrete data
D) ordinal data - CORRECT ANSWER d) ordinal data
Ordinal data places data objects into an order according to some quality.
This kind of data is also called categorical data.
A) continuous data
B) nominal data
C) discrete data
D) ordinal data - CORRECT ANSWER b) nominal data
Nominal data is used to put data into categories, which is why it is also known as categorical
data.
Assume you are measuring the various lengths of used pencils, and you collect the following
data points (in inches): 1.37, 2.65, 2.78, 3.46, 3.91. What kind of data are these data points?
A) continuous data
B) nominal data
C) discrete data
D) ordinal data - CORRECT ANSWER a) continuous data
In a set of continuous data, a point can lay along any point in a range of data.
A data point that can only take on whole values and has boundaries is called what?
A) continuous