QUESTIONS AND ANSWERS LATEST
UPDATE 2026 VERIFIED A+
◉ Alternative hypothesis
Answer: The argument that either a sample is not equal to, greater than,
or less than the hypothesized null sample
◉ Analysis of Variance (ANOVA)
Answer: a technique used to determine if there is a sufficient evidence
from sample data of three or more populations to conclude that the
means of the population are not all equal
◉ Analytics
Answer: The discovery, analysis, and communication of meaningful
patterns in data.
◉ 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.
,◉ Bar chart
Answer: A graph that measures the distribution of data over discrete
groups or categories.
◉ Benchmarks
Answer: Standards or points of reference for an industry or sector that
can be used for comparison and evaluation.
◉ Big Data
Answer: very large amounts of data; an all-encompassing term for any
collection of data sets so large and complex that it becomes difficult to
process them using traditional data processing applications
◉ Blind Study
Answer: A study performed where the participants are not told if they
are in the treatment group or control group
◉ body mass index (BMI)
Answer: A measure, based on a person's weight and height, that is used
to classify people as underweight or overweight.
◉ Business process
Answer: A sequence of logically related and time based work activities
to provide a specific output for a customer.
, ◉ Central Limit Theorem
Answer: A theorem that states that, the greater the sample, the closer the
mean of the sample is to the entire population and the more the results
will look like a normal distribution
◉ Cluster Analysis
Answer: The process of arranging terms or values based on different
variables into "natural" groups
◉ Cointegration
Answer: Occurs when two time series are moving with a common
pattern due to a connection between the two time series
◉ Combination
Answer: The number of different unordered possibilities for a certain
situation.
◉ Complement
Answer: The occurrence of an event not happening, the opposite
◉ Confidence interval
Answer: An interval estimate used to indicate reliability
◉ Continuous Data