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Questions and Answers
What are the three types of analytics discussed in the text?
Descriptive analytics, Predictive analytics, Prescriptive analytics
What are the four basic technical skills needed for business analytics?
Statistics, Data Manipulation, Programming, Optimization Methods
What is the purpose of hypothesis testing?
To make inferences about population parameters based on sample data
What are the two types of population means that can be compared using inference?
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What is the focus of descriptive analytics?
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