Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | r | } \hline { \text { Name } } & \text { Month } & \text { Cormnissimm } & \text { Tenure } & \text { Travel Expense } \\ \hline \text { Sophie Castro } & 1 & \$ 48,000 & 4 \text { years } & \$ 11,000 \\ \hline \text { Travis Turner } & 1 & \$ 53,000 & \text { 7 years } & \$ 21,000 \\ \hline \text { Elias Harsent } & 2 & \$ 67,000 & 10 \text { years } & \$ 7,000 \\ \hline \text { Armanda Garza } & 2 & \$ 72,000 & 8 \text { years } & \$ 14,000 \\ \hline \end{array}\] - What type of dataset is this?

A) Cross-sectional B) Time series C) Pooled cross-section D) Panel A) Cross-sectional B) Time series C) Pooled cross-section D) Panel C

Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | c | } \hline { \text { State } } & \text { Year } & \text { Sales Tux } & \text { Salesper Stare } & \begin{array} { c } \text { Ermplayees per } \\ \text { Stare } \end{array} \\ \hline \text { Indiaraa } & 2014 & 7.25 & \$ 650,000 & 50 \\ \hline \text { Illinois } & 2014 & 7.75 & \$ 625,000 & 65 \\ \hline \text { Indiara } & 2015 & 8.00 & \$ 800,050 & 75 \\ \hline \text { Illinois } & 2015 & 8.75 & \$ 525,000 & 55 \\ \hline \end{array}\] -What is the unit of observation?

A) Panel B) State C) Sales-employee per store D) State-year A) Panel B) State C) Sales-employee per store D) State-year

Use the following dataset to answer the following question. \[\begin{array} { | c | c | c | c | c |} \hline \text { State } & \text { Year } & \text { Sales } & \text { Capital Expenditures } & \text { Wages } \\ \hline \text { Westerm } & 2016 & \$ 750,000 & \$ 130,000 & \$ 330,000 \\ \hline \text { Eartem1 } & 2016 & \$ 645,000 & \$ 225,000 & \$ 430,000 \\ \hline \text { Westerm } & 2017 & \$ 770,050 & \$ 145,000 & \$ 230,000 \\ \hline \text { Eartern } & 2017 & \$ 925,000 & \$ 125,000 & \$ 530,000 \\ \hline \end{array}\] Using a spreadsheet software, such as Excel, to preview different views of this dataset, such as Sales in the Eastern part of the country, would be aided by what?

A) Linear regression B) Cluster analysis C) Pivot table D) Scorecard A) Linear regression B) Cluster analysis C) Pivot table D) Scorecard

Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | c | } \hline { \text { State } } & \text { Year } & \text { Salary } & \text { Lacation } & \text { Sales Warkshap? } \\ \hline \text { Aiden Roser1 } & 2017 & \$ 98,000 & \text { Seattle } & \text { Y } \\ \hline \text { Sadie Hubbard } & 2017 & \$ 83,000 & \text { Chicago } & \mathrm { N } \\ \hline \text { Jen Jordar1 } & 2018 & \$ 77,000 & \text { Seattle } & \mathrm { N } \\ \hline \text { Rob Jacksor1 } & 2018 & \$ 79,000 & \text { Chicago } & \mathrm { N } \\ \hline \end{array}\] -What type of dataset is this?

A) Panel B) Time series C) Pooled cross-section D) Cross-section A) Panel B) Time series C) Pooled cross-section D) Cross-section

Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | r | } \hline { \text { Name } } & \text { Month } & \text { Cormnissimm } & \text { Tenure } & \text { Travel Expense } \\ \hline \text { Sophie Castro } & 1 & \$ 48,000 & 4 \text { years } & \$ 11,000 \\ \hline \text { Travis Turner } & 1 & \$ 53,000 & \text { 7 years } & \$ 21,000 \\ \hline \text { Elias Harsent } & 2 & \$ 67,000 & 10 \text { years } & \$ 7,000 \\ \hline \text { Armanda Garza } & 2 & \$ 72,000 & 8 \text { years } & \$ 14,000 \\ \hline \end{array}\] - What is the unit of observation?

A) Month-tenure B) Person-month C) Month D) Tenure A) Month-tenure B) Person-month C) Month D) Tenure

Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | c | } \hline { \text { Name } } & \text { Year } & \text { Salary } & \text { Tenure } & \text { MBA? } \\ \hline \text { Drritry Haas } & 2017 & \$ 98,000 & 5 \text { years } & \text { Y } \\ \hline \text { Jackie Bay } & 2017 & \$ 83,000 & 3 \text { years } & \mathrm { N } \\ \hline \text { Renee Topkis } & 2017 & \$ 77,000 & 12 \text { years } & \mathrm { Y } \\ \hline \text { Maria Val } & 2017 & \$ 79,000 & \text { 8years } & \mathrm { N } \\ \hline \end{array}\] -What is the unit of observation?

A) Person-salary B) Person C) Person-Tenure D) Salary A) Person-salary B) Person C) Person-Tenure D) Salary

Use the following dataset to answer the following question. \[\begin{array} { | l | c | c | c | c | } \hline { \text { Firm } } & \text { Year } & \text { \# ur Emplayees } & { \text { Sales } } & \text { Prafits } \\ \hline \text { Jirr's Auto } & 2014 & 23 & \$ 741,000 & \$ 52,000 \\ \hline \text { Mecharnic Zone } & 2014 & 15 & \$ 510,000 & - \$ 72,000 \\ \hline \text { Tirr's Auto } & 2015 & 31 & \$ 1,081,050 & \$ 101,000 \\ \hline \text { Mecharic Zone } & 2015 & 27 & \$ 81,000 & \$ 28,000 \\ \hline \end{array}\] -What type of dataset is this?

A) Cross-sectional B) Time-series C) Pooled cross-section D) Panel A) Cross-sectional B) Time-series C) Pooled cross-section D) Panel

Exam 1: The Roles of Data and Predictive Analytics in Business

If advertising exposure, disposable income and price affect demand for a product, and advertising exposure affects the price of the product, what type of relationship is not present?

Free

(Multiple Choice)

4.9/5

(28)

Question 1

Correct Answer:

Verified

C

Measures of the central tendencies of variables such as the mean, median, and mode are examples of:

Free

(Multiple Choice)

4.7/5

(38)

Question 2

Correct Answer:

Verified

A

Use the following dataset to answer the following question. Name Month Cormnissimm Tenure Travel Expense Sophie Castro 1 \ 48,000 4 years \ 11,000 Travis Turner 1 \ 53,000 7 years \ 21,000 Elias Harsent 2 \ 67,000 10 years \ 7,000 Armanda Garza 2 \ 72,000 8 years \ 14,000 - What type of dataset is this?

Free

(Multiple Choice)

4.9/5

(37)

Question 3

Correct Answer:

Verified

C

In grouping TV markets into separate types according to regional spending, demographics, and business activity, and cost of advertising is engaging in what sort of analysis?

(Multiple Choice)

4.9/5

(26)

Question 4

Use the following dataset to answer the following question. State Year Sales Tux Salesper Stare Ermplayees per Stare Indiaraa 2014 7.25 \ 650,000 50 Illinois 2014 7.75 \ 625,000 65 Indiara 2015 8.00 \ 800,050 75 Illinois 2015 8.75 \ 525,000 55 -What is the unit of observation?

(Multiple Choice)

4.9/5

(27)

Question 5

Which of the following business strategies has a strong business analytics focus?

(Multiple Choice)

4.9/5

(31)

Question 6

Suppose you collect monthly sales figures for each store location in your company as well as the wages paid to employees for each store, and that you have a complete history for the last ten years for each store. Provided this information is in table format, the information you've gathered is an example of what type of data?

(Multiple Choice)

4.8/5

(46)

Question 7

Use the following dataset to answer the following question. State Year Sales Capital Expenditures Wages Westerm 2016 \ 750,000 \ 130,000 \ 330,000 Eartem1 2016 \ 645,000 \ 225,000 \ 430,000 Westerm 2017 \ 770,050 \ 145,000 \ 230,000 Eartern 2017 \ 925,000 \ 125,000 \ 530,000 Using a spreadsheet software, such as Excel, to preview different views of this dataset, such as Sales in the Eastern part of the country, would be aided by what?

(Multiple Choice)

4.8/5

(38)

Question 8

Suppose you've assumed the following two data-generating processes: (1) Y_i = f (H_i, J_i) and (2) J_i = g (X_i, Z_i). What do these assumptions imply?

(Multiple Choice)

4.9/5

(31)

Question 9

If commercial real estate costs of Kroger affect demand for Kroger Milk through the product prices Kroger charges to its customers, this is an example of what type of relationship?

(Multiple Choice)

4.8/5

(32)

Question 10

Which of the following business questions require active prediction?

(Multiple Choice)

4.8/5

(38)

Question 11

Identifying distinctive relationships between observations in a dataset is an example of what sort of data analysis?

(Multiple Choice)

4.8/5

(39)

Question 12

Suppose you collect monthly sales figures for each store location in your company as well as the wages paid to employees for each store, and that you have a complete history for the last ten years for each store. What is the type of this data set?

(Multiple Choice)

4.9/5

(26)

Question 13

Use the following dataset to answer the following question. State Year Salary Lacation Sales Warkshap? Aiden Roser1 2017 \ 98,000 Seattle Y Sadie Hubbard 2017 \ 83,000 Chicago Jen Jordar1 2018 \ 77,000 Seattle Rob Jacksor1 2018 \ 79,000 Chicago -What type of dataset is this?

(Multiple Choice)

4.8/5

(30)

Question 14

Suppose you collect a series of pictures from Facebook and wish to perform analysis on them. The collection of pictures you've gathered is an example of what type of data?

(Multiple Choice)

4.8/5

(38)

Question 15

Suppose you want to answer the following question: "How will Sales of version 2.0 of our product change when we release version 3.0 of our product?" What type of data analysis is crucial toward answering this question?

(Multiple Choice)

4.9/5

(37)

Question 16

A necessary foundational element for a business to organize the collection of data that the firm will use to analyze is:

(Multiple Choice)

4.8/5

(35)

Question 17

Use the following dataset to answer the following question. Name Month Cormnissimm Tenure Travel Expense Sophie Castro 1 \ 48,000 4 years \ 11,000 Travis Turner 1 \ 53,000 7 years \ 21,000 Elias Harsent 2 \ 67,000 10 years \ 7,000 Armanda Garza 2 \ 72,000 8 years \ 14,000 - What is the unit of observation?

(Multiple Choice)

4.9/5

(45)

Question 18

Use the following dataset to answer the following question. Name Year Salary Tenure MBA? Drritry Haas 2017 \ 98,000 5 years Y Jackie Bay 2017 \ 83,000 3 years Renee Topkis 2017 \ 77,000 12 years Maria Val 2017 \ 79,000 8years -What is the unit of observation?

(Multiple Choice)

4.8/5

(36)

Question 19

Use the following dataset to answer the following question. Firm Year \# ur Emplayees Sales Prafits Jirr's Auto 2014 23 \ 741,000 \ 52,000 Mecharnic Zone 2014 15 \ 510,000 -\ 72,000 Tirr's Auto 2015 31 \ 1,081,050 \ 101,000 Mecharic Zone 2015 27 \ 81,000 \ 28,000 -What type of dataset is this?

(Multiple Choice)

4.9/5

(40)

Question 20

If advertising exposure, disposable income and price affect demand for a product, and advertising exposure affects the price of the product, what type of relationship is not present?

Measures of the central tendencies of variables such as the mean, median, and mode are examples of:

In grouping TV markets into separate types according to regional spending, demographics, and business activity, and cost of advertising is engaging in what sort of analysis?

Use the following dataset to answer the following question. State Year Sales Tux Salesper Stare Ermplayees per Stare Indiaraa 2014 7.25 \ 650,000 50 Illinois 2014 7.75 \ 625,000 65 Indiara 2015 8.00 \ 800,050 75 Illinois 2015 8.75 \ 525,000 55 -What is the unit of observation?

Which of the following business strategies has a strong business analytics focus?

Suppose you've assumed the following two data-generating processes: (1) Y_i = f (H_i, J_i) and (2) J_i = g (X_i, Z_i). What do these assumptions imply?

If commercial real estate costs of Kroger affect demand for Kroger Milk through the product prices Kroger charges to its customers, this is an example of what type of relationship?

Which of the following business questions require active prediction?

Identifying distinctive relationships between observations in a dataset is an example of what sort of data analysis?

Suppose you collect monthly sales figures for each store location in your company as well as the wages paid to employees for each store, and that you have a complete history for the last ten years for each store. What is the type of this data set?

Use the following dataset to answer the following question. State Year Salary Lacation Sales Warkshap? Aiden Roser1 2017 \ 98,000 Seattle Y Sadie Hubbard 2017 \ 83,000 Chicago Jen Jordar1 2018 \ 77,000 Seattle Rob Jacksor1 2018 \ 79,000 Chicago -What type of dataset is this?

Suppose you collect a series of pictures from Facebook and wish to perform analysis on them. The collection of pictures you've gathered is an example of what type of data?

Suppose you want to answer the following question: "How will Sales of version 2.0 of our product change when we release version 3.0 of our product?" What type of data analysis is crucial toward answering this question?

A necessary foundational element for a business to organize the collection of data that the firm will use to analyze is:

Use the following dataset to answer the following question. Name Year Salary Tenure MBA? Drritry Haas 2017 \ 98,000 5 years Y Jackie Bay 2017 \ 83,000 3 years Renee Topkis 2017 \ 77,000 12 years Maria Val 2017 \ 79,000 8years -What is the unit of observation?

Use the following dataset to answer the following question. Firm Year \# ur Emplayees Sales Prafits Jirr's Auto 2014 23 \ 741,000 \ 52,000 Mecharnic Zone 2014 15 \ 510,000 -\ 72,000 Tirr's Auto 2015 31 \ 1,081,050 \ 101,000 Mecharic Zone 2015 27 \ 81,000 \ 28,000 -What type of dataset is this?

Reasoning With Data

Reasoning From Sample to Population

The Scientific Method: The Gold Standard for Establishing Causality

Linear Regression As a Fundamental Descriptive Tool

Correlation Vs Causality in Regression Analysis

Basic Methods for Establishing Causal Inference

Advanced Methods for Establishing Causal Inference

Prediction for a Dichotomous Variable

Identification and Data Assessment

Filters

Exam 1: The Roles of Data and Predictive Analytics in Business

If advertising exposure, disposable income and price affect demand for a product, and advertising exposure affects the price of the product, what type of relationship is not present?

Measures of the central tendencies of variables such as the mean, median, and mode are examples of:

In grouping TV markets into separate types according to regional spending, demographics, and business activity, and cost of advertising is engaging in what sort of analysis?

Use the following dataset to answer the following question. State Year Sales Tux Salesper Stare Ermplayees per Stare Indiaraa 2014 7.25 \ 650,000 50 Illinois 2014 7.75 \ 625,000 65 Indiara 2015 8.00 \ 800,050 75 Illinois 2015 8.75 \ 525,000 55 -What is the unit of observation?

Which of the following business strategies has a strong business analytics focus?

Suppose you've assumed the following two data-generating processes: (1) Yi = f (Hi, Ji) and (2) Ji = g (Xi, Zi). What do these assumptions imply?

If commercial real estate costs of Kroger affect demand for Kroger Milk through the product prices Kroger charges to its customers, this is an example of what type of relationship?

Which of the following business questions require active prediction?

Identifying distinctive relationships between observations in a dataset is an example of what sort of data analysis?

Suppose you collect monthly sales figures for each store location in your company as well as the wages paid to employees for each store, and that you have a complete history for the last ten years for each store. What is the type of this data set?

Use the following dataset to answer the following question. State Year Salary Lacation Sales Warkshap? Aiden Roser1 2017 \ 98,000 Seattle Y Sadie Hubbard 2017 \ 83,000 Chicago Jen Jordar1 2018 \ 77,000 Seattle Rob Jacksor1 2018 \ 79,000 Chicago -What type of dataset is this?

Suppose you collect a series of pictures from Facebook and wish to perform analysis on them. The collection of pictures you've gathered is an example of what type of data?

Suppose you want to answer the following question: "How will Sales of version 2.0 of our product change when we release version 3.0 of our product?" What type of data analysis is crucial toward answering this question?

A necessary foundational element for a business to organize the collection of data that the firm will use to analyze is:

Use the following dataset to answer the following question. Name Year Salary Tenure MBA? Drritry Haas 2017 \ 98,000 5 years Y Jackie Bay 2017 \ 83,000 3 years Renee Topkis 2017 \ 77,000 12 years Maria Val 2017 \ 79,000 8years -What is the unit of observation?

Use the following dataset to answer the following question. Firm Year \# ur Emplayees Sales Prafits Jirr's Auto 2014 23 \ 741,000 \ 52,000 Mecharnic Zone 2014 15 \ 510,000 -\ 72,000 Tirr's Auto 2015 31 \ 1,081,050 \ 101,000 Mecharic Zone 2015 27 \ 81,000 \ 28,000 -What type of dataset is this?

Reasoning With Data

Reasoning From Sample to Population

The Scientific Method: The Gold Standard for Establishing Causality

Linear Regression As a Fundamental Descriptive Tool

Correlation Vs Causality in Regression Analysis

Basic Methods for Establishing Causal Inference

Advanced Methods for Establishing Causal Inference

Prediction for a Dichotomous Variable

Identification and Data Assessment

Filters

Suppose you've assumed the following two data-generating processes: (1) Y_i = f (H_i, J_i) and (2) J_i = g (X_i, Z_i). What do these assumptions imply?