Exam 5: Perform the Analysis: Types and Tools of Data Analyses

Albert Einstein's intelligence quotient (IQ) was reported to be 160. If the population mean IQ is 100 and the standard deviation is 15, what is the z-score associated with Albert Einstein's IQ?

What type of analytics would include a classification analysis to assess whether the bank should extend a loan?

If the hypothesized relationship is assumed to not exist, this would be an example of a(n) __________ hypothesis.

If we wanted to know what level of sales was achieved last quarter at a competitor company, we would perform __________ analytics.

"What should we do based on what we expect will happen?" is investigated using Prescriptive Analytics.

What kind of analytics tool or technique is generally used to perform diagnostic analytics?

In the AMPS model, what step immediately precedes Performing the Analysis?

Which distribution is a probability distribution with a low mean and highly skewed to the right?

Which analytics tool or technique is generally used in descriptive analytics?

The probability that a population parameter will fall between two set values is called a __________.

Which type of analytics would encompass compiling the financial statements?

Which type of question does descriptive analytics address?

Prescriptive analytics would be more likely to use these tools in its analysis than other types of analytics?

A t-test is used to understand:

The distribution of hearts within a fair deck of cards would follow the __________.

Predictive Analytics emphasizes "Will something happen in the future?".

Descriptive Analytics emphasizes "Why something happened?".

A statistic is a characteristic of a __________.

Which type of analytics will provide insight on whether the company should rent or own its headquarters?

Compilation of the financial statements would be a form of predictive analytics?