QUESTION 1

What is the difference between interval/ratio and ordinal variables?

	a.	The distance between categories is equal across the range of interval/ratio data.
	b.	Ordinal data can be rank ordered, but interval/ratio data cannot.
	c.	Interval/ratio variables contain only two categories.
	d.	Ordinal variables have a fixed zero point, whereas interval/ratio variables do not.

1 points

QUESTION 2

Business analytics can be used for which of the following?

	a.	Finding patterns
	b.	Verifying previous decisions
	c.	Predicting results
	d.	All of the above

1 points

QUESTION 3

The collection, management, analysis of data is called_________.

	a.	Business Analytics
	b.	Business Intelligence
	c.	Data Science
	d.	Statistics

1 points

QUESTION 4

The order in which participants complete, a task is an example of what level of measurement?

	a.	Nominal
	b.	Interval
	c.	Ratio
	d.	Ordinal

1 points

QUESTION 5

A manager at ABC Corp, wishes to know the company's revenue and profit in its previous quarter. Which of the following business analytics will help the manager?

	a.	Prescriptive
	b.	Predictive
	c.	Descriptive
	d.	Normative

1 points

QUESTION 6

Which of the following does not form the integral part of Business Analytics?

	a.	Statistics
	b.	Modelling and Optimization
	c.	Machine Learning
	d.	Data Mining

1 points

QUESTION 7

What level of measurement would be used if participants were asked to choose their favorite picture from a set of six?

	a.	Nominal
	b.	Ordinal
	c.	Interval
	d.	Ratio

1 points

QUESTION 8

Which of the following are the benefits of Business Analytics

	a.	Reduced Costs
	b.	Better Risk Management
	c.	Commitment
	d.	Faster Decisions
	e.	Better Productivity
	f.	Availability and Trust

1 points

QUESTION 9

A database is a massive amount of business data from a wide variety of sources.

True

False

1 points

QUESTION 10

The first step in Business Analytic process is?

	a.	Determine the needs of the business
	b.	Collect the data
	c.	Analyze the data
	d.	Predict the outcome