DATA DRIVEN DECISION MAKING FINAL
REVIEW SHEET 2026 FULL ANSWERS
◉ β. Answer: The lower case Greek letter "beta"
◉ δ. Answer: The lower case Greek letter "delta"
◉ γ. Answer: The lower case Greek letter "gamma"
◉ θ. Answer: The lower case Greek letter "theta"
◉ addition. Answer: In sculpture, the process of adding or
combining material.
◉ algebraic equation. Answer: Any equation that contains variables,
constants, or mathematical operations.
◉ algebraic expression. Answer: A string of terms that are connected
by division, addition, and subtraction operations.
◉ alternative hypothesis. Answer: The argument that typically states
that the sample is not equal to the hypothesized null sample.
,◉ *An*alysis *o*f *Va*riance (ANOVA). Answer: A statistical method
that helps identify the sources of variability by comparing their
means or averages; it compares the variation within a sample to the
variation between samples to see if any differences are the result of
some contributing factor or if the differences occur by chance alone.
◉ Analytics. Answer: The discovery, analysis, and communication of
meaningful patterns in data.
◉ ANOVA. Answer: Analysis of variance; a method of analyzing the
difference in a particular variable between multiple populations.
◉ arithmetic expression. Answer: A string of numbers connected by
elementary operations.
◉ Attribute Data. Answer: Data that shows whether a result meets a
requirement or not (yes/no, pass/fail)
◉ Autocorrelation. Answer: A relationship between two variables
that is inherently non-linear.
◉ Balanced Scorecard. Answer: An approach using multiple
measures to evaluate performance, including financial measures,
,and the non-financial measures of customers, internal business
processes, and learning and growth. [CMA]
◉ Banner ads. Answer: graphic ads which appear on a web page and
link to an advertiser's site
◉ bar chart. Answer: A graph that measures the distribution of data
over discrete groups or categories.
◉ base number. Answer: The number multiplied by itself when
paired with an exponent. For example, in 8³, 8 would be the base
number.
◉ Base period. Answer: A period in time used as a point of reference
when being compared to other time periods.
◉ Bayes' Theorem. Answer: *A formula that calculates conditional
probabilities*, important in understanding how new information
affects the probabilities of different outcomes
◉ Benchmarks. Answer: Standards or points of reference for an
industry or sector that can be used for comparison and evaluation.
, ◉ Big Data. Answer: A catch-phrase that describes a massive volume
of data that is so large that it's difficult to process using traditional
database and software techniques.
◉ Blind study. Answer: A study performed where the participants
are not told if they are in the treatment group or control group.
◉ Business Process. Answer: A sequence of logically related and
time based work activities to provide a specific output for a
customer. [CMA]
◉ Call to action. Answer: In an email message or web page, the link
or body copy that tells the recipient what action to take, such as
"click here to buy" or "sign up now to start receiving points."
◉ Causation. Answer: The relationship of cause and effect.
◉ Cause-and-effect Diagram. Answer: A diagram that shows the
underlying causes of a problem or event; also known as a fishbone
diagram
◉ Check Sheet. Answer: A structured form or table that lets
practitioners collect and record data in a simple format; by putting
marks on a table or image, team members can track and record
REVIEW SHEET 2026 FULL ANSWERS
◉ β. Answer: The lower case Greek letter "beta"
◉ δ. Answer: The lower case Greek letter "delta"
◉ γ. Answer: The lower case Greek letter "gamma"
◉ θ. Answer: The lower case Greek letter "theta"
◉ addition. Answer: In sculpture, the process of adding or
combining material.
◉ algebraic equation. Answer: Any equation that contains variables,
constants, or mathematical operations.
◉ algebraic expression. Answer: A string of terms that are connected
by division, addition, and subtraction operations.
◉ alternative hypothesis. Answer: The argument that typically states
that the sample is not equal to the hypothesized null sample.
,◉ *An*alysis *o*f *Va*riance (ANOVA). Answer: A statistical method
that helps identify the sources of variability by comparing their
means or averages; it compares the variation within a sample to the
variation between samples to see if any differences are the result of
some contributing factor or if the differences occur by chance alone.
◉ Analytics. Answer: The discovery, analysis, and communication of
meaningful patterns in data.
◉ ANOVA. Answer: Analysis of variance; a method of analyzing the
difference in a particular variable between multiple populations.
◉ arithmetic expression. Answer: A string of numbers connected by
elementary operations.
◉ Attribute Data. Answer: Data that shows whether a result meets a
requirement or not (yes/no, pass/fail)
◉ Autocorrelation. Answer: A relationship between two variables
that is inherently non-linear.
◉ Balanced Scorecard. Answer: An approach using multiple
measures to evaluate performance, including financial measures,
,and the non-financial measures of customers, internal business
processes, and learning and growth. [CMA]
◉ Banner ads. Answer: graphic ads which appear on a web page and
link to an advertiser's site
◉ bar chart. Answer: A graph that measures the distribution of data
over discrete groups or categories.
◉ base number. Answer: The number multiplied by itself when
paired with an exponent. For example, in 8³, 8 would be the base
number.
◉ Base period. Answer: A period in time used as a point of reference
when being compared to other time periods.
◉ Bayes' Theorem. Answer: *A formula that calculates conditional
probabilities*, important in understanding how new information
affects the probabilities of different outcomes
◉ Benchmarks. Answer: Standards or points of reference for an
industry or sector that can be used for comparison and evaluation.
, ◉ Big Data. Answer: A catch-phrase that describes a massive volume
of data that is so large that it's difficult to process using traditional
database and software techniques.
◉ Blind study. Answer: A study performed where the participants
are not told if they are in the treatment group or control group.
◉ Business Process. Answer: A sequence of logically related and
time based work activities to provide a specific output for a
customer. [CMA]
◉ Call to action. Answer: In an email message or web page, the link
or body copy that tells the recipient what action to take, such as
"click here to buy" or "sign up now to start receiving points."
◉ Causation. Answer: The relationship of cause and effect.
◉ Cause-and-effect Diagram. Answer: A diagram that shows the
underlying causes of a problem or event; also known as a fishbone
diagram
◉ Check Sheet. Answer: A structured form or table that lets
practitioners collect and record data in a simple format; by putting
marks on a table or image, team members can track and record
