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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?

Within days Signup and view all the answers

Which type of organizations use analytics for decision-making?

Big corporations, governments, entrepreneurs, and nearly everyone else Signup and view all the answers

What outcome arises from mastering the science of analyzing data?

The ability to develop effective business strategies Signup and view all the answers

Why is a data mart considered cost-effective?

It only contains the necessary data for a certain business area Signup and view all the answers

What is the primary purpose of business analytics?

To generate insights by analyzing data patterns Signup and view all the answers

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

Understand how managers use analytics to solve business problems and support decision-making Signup and view all the answers

Statistical Analysis Techniques Quiz

Choose a study mode

Podcast

Questions and Answers

What type of database is a data mart?

How do data marts accelerate business processes?

What is the purpose of a data mart?

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

Which type of organizations use analytics for decision-making?

What outcome arises from mastering the science of analyzing data?

Why is a data mart considered cost-effective?

What is the primary purpose of business analytics?

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

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