EBTM 350 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED LATEST UPDATE
Business analytics translates data into decisions to improve business
performance through
data mining
qualitative reasoning
descriptive statistics
quantitative tools
Which of the analytic techniques answers the question 'What has happened'?
Descriptive
Data privacy evaluates moral problems related to data.
False
Knowledge is derived from a blend of data, contextual information, experience,
and intuition.
True
Which of the following represent reasons that sampling is used to collect data?
Obtaining all the population data is difficult, if not impossible
Population data is expensive
Researchers do not want to invest the time in collecting data
Researchers are lazy
Raw data without knowledge of the business context is still useful.
, False
Which of the analytic techniques answers the question 'What should we do'?
Prescriptive
Which term describes a compilation of facts, figures or other contents, both
numerical and nonnumerical?
Data
The difference between cross-sectional and time series data is whether the data
is evaluated at a single point in time or multiple points in time
True
A ________ consists of all observations or items of interest in an analysis.
population
Which of the following is true of structured data?
Point-of-sale and financial data are examples of structured data
When defining the 3 Vs which are defining characteristics of big data, 'velocity'
refers to the immense amount of data compiled from a single source or a wide
range of sources.
False
Which one is not part of the three broad categories of analytics techniques
designed to extract value from data?
Summarization
Numerical variables can be discrete or continuous. An example of a discrete
variable is:
The number of students in my business analytics course
SOLUTIONS VERIFIED LATEST UPDATE
Business analytics translates data into decisions to improve business
performance through
data mining
qualitative reasoning
descriptive statistics
quantitative tools
Which of the analytic techniques answers the question 'What has happened'?
Descriptive
Data privacy evaluates moral problems related to data.
False
Knowledge is derived from a blend of data, contextual information, experience,
and intuition.
True
Which of the following represent reasons that sampling is used to collect data?
Obtaining all the population data is difficult, if not impossible
Population data is expensive
Researchers do not want to invest the time in collecting data
Researchers are lazy
Raw data without knowledge of the business context is still useful.
, False
Which of the analytic techniques answers the question 'What should we do'?
Prescriptive
Which term describes a compilation of facts, figures or other contents, both
numerical and nonnumerical?
Data
The difference between cross-sectional and time series data is whether the data
is evaluated at a single point in time or multiple points in time
True
A ________ consists of all observations or items of interest in an analysis.
population
Which of the following is true of structured data?
Point-of-sale and financial data are examples of structured data
When defining the 3 Vs which are defining characteristics of big data, 'velocity'
refers to the immense amount of data compiled from a single source or a wide
range of sources.
False
Which one is not part of the three broad categories of analytics techniques
designed to extract value from data?
Summarization
Numerical variables can be discrete or continuous. An example of a discrete
variable is:
The number of students in my business analytics course
