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Pricing Schools Business

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Wholeness of Data Analytics in Business

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Questions and Answers

What is the primary purpose of business activities according to the passage?

To earn a living and make the world a better place (correct)
To generate data for analysis
To design customized reports and dashboards
To monitor the business environment and performance

What is the role of data analytics in a business according to the passage?

To generate patterns and intelligence about the business
To monitor the business environment and rapidly adjust future plans
To design customized reports and dashboards for executives
All of the above (correct)

What is the definition of business intelligence provided in the passage?

The use of data mining techniques to gain insights in sports, as demonstrated in the MoneyBall example
The design of customized reports and dashboards based on key performance indicators and key result areas
A broad set of information technology solutions for gathering, analyzing, and reporting information about business performance and the environment (correct)
The act of continuously monitoring a business's environment and performance to rapidly adjust future plans

What is the purpose of customized reports and dashboards mentioned in the passage?

To deliver the required information to every executive in the organization (D) Signup and view all the answers

What is the connection between business activities and data according to the passage?

Business activities are recorded on paper or using electronic media, and these records become data (B) Signup and view all the answers

What is the role of business intelligence in a business organization according to the passage?

All of the above (D) Signup and view all the answers

What is the purpose of pattern recognition?

To reveal simpler understandable trends (B) Signup and view all the answers

Which type of pattern refers to things organized in a certain way?

Spatial (C) Signup and view all the answers

What characterizes data mining in relation to patterns?

Digging into large amounts of raw data to discover unique useful patterns (D) Signup and view all the answers

How can the insight that students leave school for social reasons be used?

Invest in extracurricular and social activities to retain students (D) Signup and view all the answers

What does the text suggest schools can do to prevent student attrition?

Predict at-risk students and take corrective action based on activity participation data (A) Signup and view all the answers

What is the main benefit of using pattern recognition in educational settings?

Helping schools understand complex student behaviors (B) Signup and view all the answers