Statistical Analysis Techniques Quiz
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Questions and Answers

What type of database is a data mart?

  • NoSQL database
  • Hierarchical database
  • Subject-oriented database (correct)
  • Relational database

How do data marts accelerate business processes?

  • By allowing access to relevant information within days (correct)
  • By requiring months to access relevant information
  • By storing all enterprise data in one place
  • By increasing the complexity of data stored

What is the purpose of a data mart?

  • To increase the cost of gaining insights
  • To delay managerial decision-making
  • To store all company data in one place
  • To contain data applicable to a specific business area (correct)

In what time frame can data be accessed from a data mart?

<p>Within days (C)</p> Signup and view all the answers

Which type of organizations use analytics for decision-making?

<p>Big corporations, governments, entrepreneurs, and nearly everyone else (A)</p> Signup and view all the answers

What outcome arises from mastering the science of analyzing data?

<p>The ability to develop effective business strategies (B)</p> Signup and view all the answers

Why is a data mart considered cost-effective?

<p>It only contains the necessary data for a certain business area (D)</p> Signup and view all the answers

What is the primary purpose of business analytics?

<p>To generate insights by analyzing data patterns (D)</p> Signup and view all the answers

What should students be able to do after completing a course on business analytics?

<p>Understand how managers use analytics to solve business problems and support decision-making (D)</p> Signup and view all the answers

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