Data Science and BI: Statistical Modelling and Visualization

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What is the lowest level of abstraction from which information and knowledge are derived?

Business reporting

Statistical modeling

Data (correct)

Inferential statistics

Which method is used to make real-world data analytics ready?

Business reporting

Statistical modeling (correct)

Inferential statistics

Descriptive statistics

What is critical to analytics in terms of data quality and integrity?

Images

Numbers

Words

Data quality and data integrity (correct)

What is a collection of facts obtained as the result of experiences, observations, or experiments?

Data Signup and view all the answers

Which concept describes the relationship between statistical modeling and business analytics?

Real-world data analytics readiness Signup and view all the answers

What is defined as a method used to derive information and knowledge from data?

Business reporting Signup and view all the answers

Which of the following is an example of data content accuracy?

A scientific research paper that has gone through peer review and cross-verification Signup and view all the answers

What type of data is considered rich in data?

Customer database with contact information, transaction history, preferences, feedback, and social media interactions Signup and view all the answers

What does a sales analysis system with high granularity do?

Breaks down sales figures by individual SKU, store location, time of day, and customer demographics Signup and view all the answers

Which example demonstrates maintaining data security and privacy?

Hospital implementing encryption and access control measures Signup and view all the answers

In what context is data validity and relevance crucial?

Ensuring the data is valid and relevant to the research question in a study on new drug effects Signup and view all the answers

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

Data content accuracy Signup and view all the answers

What type of data ensures that the data is current and timely for traders making fast decisions?

Stock trading platform providing real-time market data feeds Signup and view all the answers

Which example demonstrates maintaining data consistency?

'A multinational corporation using a centralized CRM system to manage contact information' Signup and view all the answers

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

'Data accessibility' Signup and view all the answers

What denotes an example of structured data?

Facts Signup and view all the answers

What is the lowest level of abstraction from which information and knowledge are derived?

Data Signup and view all the answers

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

Secondary data Signup and view all the answers

What is critical to analytics in terms of data quality and integrity?

Data accuracy Signup and view all the answers

What denotes an example of structured data?

A spreadsheet with clearly labeled columns and rows Signup and view all the answers

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

Velocity metric Signup and view all the answers

In what context is data validity and relevance crucial?

Business reporting Signup and view all the answers

What type of data source reliability is exemplified by a hospital implementing encryption and access control measures to protect patients' medical records?

Data security and data privacy Signup and view all the answers

In what context is data validity and relevance crucial?

Study on the effects of a new drug Signup and view all the answers

What does a sales analysis system with high granularity do?

Breaks down sales figures by individual SKU, store location, time of day, and customer demographics Signup and view all the answers

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

Data accessibility Signup and view all the answers

What type of data ensures that the data is current and timely for traders making fast decisions?

Data currency/data timeliness Signup and view all the answers

Data Science and BI: Statistical Modelling and Visualization

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Questions and Answers

What is the lowest level of abstraction from which information and knowledge are derived?

Which method is used to make real-world data analytics ready?

What is critical to analytics in terms of data quality and integrity?

What is a collection of facts obtained as the result of experiences, observations, or experiments?

Which concept describes the relationship between statistical modeling and business analytics?

What is defined as a method used to derive information and knowledge from data?

Which of the following is an example of data content accuracy?

What type of data is considered rich in data?

What does a sales analysis system with high granularity do?

Which example demonstrates maintaining data security and privacy?

In what context is data validity and relevance crucial?

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

What type of data ensures that the data is current and timely for traders making fast decisions?

Which example demonstrates maintaining data consistency?

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

What denotes an example of structured data?

What is the lowest level of abstraction from which information and knowledge are derived?

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

What is critical to analytics in terms of data quality and integrity?

What denotes an example of structured data?

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

In what context is data validity and relevance crucial?

What type of data source reliability is exemplified by a hospital implementing encryption and access control measures to protect patients' medical records?

In what context is data validity and relevance crucial?

What does a sales analysis system with high granularity do?

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

What type of data ensures that the data is current and timely for traders making fast decisions?

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