10 Questions
In which industry are machine learning algorithms used for predictive analytics of customer lifetime value and stock market moves?
Financial
Which industry extensively uses data science for optimizing production, reducing costs, and boosting profits?
Manufacturing
What is one of the key applications of data science in the transportation sector?
Optimizing delivery routes
Which industry has been significantly transformed by data science to benefit e-commerce?
Manufacturing
What role does data science play in the health-care industry?
Predictive modeling for diagnosis
What is the primary goal of Data Science?
To discover hidden patterns from raw data
How does a Data Scientist differ from a Data Analyst (Statistician)?
Data Analyst explains historical data patterns, while Data Scientist uses advanced machine learning algorithms
What is one of the biggest applications of Data Science according to the text?
Automating risk analytics in finance
What role does Big Data play in the banking sector according to the text?
Enabling banks to manage resources efficiently
How does Data Science contribute to the finance industry?
By automating risk analytics
This quiz covers the process of data science as well as the responsibilities and differences between a data scientist and a data analyst. It also discusses the use of various tools, algorithms, and machine learning principles to uncover hidden patterns in raw data.
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