Which term describes a response that appears the greatest number of times compared to other responses in a survey?
What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.
A company’s marketing team tells an analyst that fewer customers are opening emails in the recent email campaign. The analyst interviews a few marketing coordinators and discovers changes were made to the email subject line between the earlier successful email campaign and the recent one. The analyst then uses a statistical technique to compare the email open rates for each campaign. Which step does the comparison of the email open rate represent in the plan-do-check-act cycle?
A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?
A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
A researcher seeks to pass a bond issue and asks a sample of respondents who have a bachelor’s degree if they are voting in favor of the bond because it would be beneficial to the county.
Which type of error does this represent?
How is a cause-and-effect diagram used?
A spa wants to determine which duration of its massage packages is the most popular. The spa has 30-minute, 50-minute, and 75-minute sessions. Which statistical measure should be used and is less affected by outliers and skewed data?
Which graphical representation depicts the steps that compose a process?
What does big data include?
Which element of an experimental study is described as the procedures applied to each subject?
What is an appropriate management use of statistics?
Two project teams are assigned to upgrade an on-premise data warehouse to a cloud-based data lake in 13 months. The infrastructure team has five team members, while the enterprise analytics team has three team members. The enterprise analytics team cannot move into production until the infrastructure team has completed the migration.
What should be used to find the probability that the project will be completed on time?
What happens when an organization focuses on customers?
What is true about outliers?
Choose 2 answers.
What does prevalence measure when studying disease frequency?
How do a run chart and a control chart differ?
An analyst used multiple linear regression to show how a big box store’s sales (y) are predicted by the big box store’s advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 − 26.89x2. How are advertising expenditures and sales related in this scenario?
Why are sample sizes important for ensuring statistical significance?
When researchers are studying the effect of new drug treatments on patients, bias can be introduced by patients if they are aware of who receives the placebo.
Which type of research design eliminates this type of bias?
Why would a human resources department use both mean and median when doing a salary evaluation of a department?
A clothing company wants to predict sales figures based on the amount spent on advertising.
Which type of regression analysis should this company use?
Which two types of graphs illustrate and analyze measurements or trends over time?
Choose 2 answers.
Which process is designed to proactively prevent a problem?
Which input could be used to create and evaluate a process that would improve an organization’s performance?
What are random errors caused by?
An organization develops a new strategic plan and seeks ways to improve process performance by reducing variation to only 3.4 defects per million process outputs.
Which tool can the organization use to meet this goal?
A laboratory uses a graduated cylinder to measure liquid volume in metric units. Which type of experimental design is this laboratory implementing?
What is the basic difference between evaluating costs and benefits in the public and private sectors?
A plant manager wants to compare the production output for three assembly lines. Why is ANOVA the correct analysis technique to use for this scenario?
A car dealership sells both new and used cars. The number of new cars sold on a given day ranges from 5 to 30 while the number of used cars sold ranges from 5 to 40. The number of used cars sold is mutually exclusive to the number of new cars sold.
Which statistic would be used to compare the number of new and used car sales on any given day?
A nonprofit organization ran a fundraiser and would like to determine the amount of a typical donation.
Which statistic is less affected by outliers and skewed data and should be used to determine the amount of a typical donation?
Amusement Park W is in California. Amusement Park X is in Texas. A survey asks 1,000 people living in California if they prefer Amusement Park W or X.
Which problem exists with this survey?
A bakery owner would like to know how many cakes to sell for monthly profit to equal zero. Which analysis method should the owner perform?
What is a disadvantage of using a balanced scorecard?
What are two benefits of good data quality management in improving business decision-making?
Choose 2 answers.