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Intro to Data Science: Data Analytics Fundamentals

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Intro to Data Science: Data Analytics Fundamentals

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Questions and Answers

What is data analytics?

The process of developing algorithms

The process of collecting data

The act of making decisions without data

The systematic science of examining raw data to draw conclusions (correct)

What is the significance of data analytics in contemporary business environments?

To enhance product development

To reduce costs and drive informed decision-making (correct)

To improve customer engagement

To make decisions without data

What can businesses gain by leveraging data analytics?

Identify inefficiencies and streamline operations to reduce costs (correct)

Identify inefficiencies and increase costs

Gain insights into employee behavior

Gain insights into competitor behavior

What is one of the benefits of data analytics?

Improved decision making Signup and view all the answers

What can data analytics help businesses develop?

Targeted marketing campaigns Signup and view all the answers

What can data analytics provide to businesses?

Valuable insights Signup and view all the answers

What is the primary benefit of data analytics in business?

To reduce guesswork and uncertainty Signup and view all the answers

What is the role of data analysts in a business?

To discover patterns in data and improve performance Signup and view all the answers

Which type of data analytics is used to forecast future trends and outcomes?

Predictive Analytics Signup and view all the answers

What is the main goal of prescriptive analytics?

To recommend actions or strategies Signup and view all the answers

Which industry uses data analytics for conservation efforts and wildlife protection?

Environmental Protection Signup and view all the answers

What is the main difference between quantitative and qualitative analysis?

Quantitative analysis focuses on numerical data, while qualitative analysis focuses on non-numerical data Signup and view all the answers