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| Section | Objectives |
|---|---|
| Data-Driven Culture and Communication | - Building Data-Informed Organizations - Stakeholder Communication - Presenting Data Insights - Ethical Considerations in Data Use |
| Data Analysis Fundamentals | - Descriptive Statistics - Data Quality and Cleaning - Data Types and Measurement Scales - Data Visualization Techniques |
| Decision-Making Frameworks | - Risk Analysis and Assessment - Evidence-Based Decision Making - Rational Decision Models - Cost-Benefit Analysis |
| Business Intelligence and Analytics | - Predictive Analytics Basics - Key Performance Indicators (KPIs) - Dashboards and Reporting - Data Mining Concepts |
1. A normally distributed data index of vehicle safety ratings has a mean of 100 and a standard deviation of 15.
What is the probability that a randomly selected vehicle safety score from the data set will be between 85 and
115?
A) 95.4%
B) 100%
C) 68.8%
D) 99.7%
2. How is a cost-benefit analysis different in the public and private sectors?
A) The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
B) The public sector focuses almost exclusively on cost, while the private sector focuses primarily on benefits.
C) The public sector usually focuses on the general welfare of the population, whereas the private sector usually focuses on profits.
D) The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
3. A firm seeks to sharply reduce sales lead times to enhance sales effectiveness and productivity. Which action should the firm take to accomplish this?
A) Implement additional quality assurance measures
B) Increase the research and development budget
C) Prepare a media campaign
D) Deploy a customer relationship management tool
4. 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?
A) Median
B) Standard deviation
C) Mode
D) Mean
5. 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?
A) Bayes' theorem
B) Multiplication principle
C) Combination
D) Conditional probability
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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