Question 1

Red,Yellow,and Blue would be best described as an example of:

Accepted Answer

A)  Nominal data 
B)  Ordinal data 
C)  Structured data 
D)  Test data 
A)  Nominal data 
B)  Ordinal data 
C)  Structured data 
D)  Test data

Question 2

The primary statistic used with quantitative data is proportion.

Accepted Answer

A) True 
 B)False

Question 3

In describing interval data,0 does not mean "the absence of," but is simply another number.

Accepted Answer

A) True 
 B)False

Question 4

The following are typical examples of nominal data except:

Accepted Answer

A)  Marital status 
B)  State of residency 
C)  Temperature 
D)  Nationality 
A)  Marital status 
B)  State of residency 
C)  Temperature 
D)  Nationality

Question 5

The following are typical examples of ratio data except:

Accepted Answer

A)  Weight 
B)  Birth date 
C)  Height 
D)  Pulse rate 
A)  Weight 
B)  Birth date 
C)  Height 
D)  Pulse rate

Question 6

Which type of chart is best described as useful for identifying the correlation between two variables or for identifying a trend line or line of best fit?

Accepted Answer

A)  Scatter plots 
B)  Box and whisker plots 
C)  Line chart 
D)  Pie chart 
A)  Scatter plots 
B)  Box and whisker plots 
C)  Line chart 
D)  Pie chart

Question 7

After completing your data analysis,the write-up should only include a discussion of the steps of the IMPACT model that really matter.

Accepted Answer

A) True 
 B)False

Question 8

If you are comparing two datasets that follow the normal distribution,even if the two datasets have very different means,you can still compare them by standardizing the distributions with Zscores.

Accepted Answer

A) True 
 B)False

Question 9

The following charts are frequently considered for depicting qualitative data except:

Accepted Answer

A)  Line chart 
B)  Pie chart 
C)  Bar chart 
D)  Stacked bar chart 
A)  Line chart 
B)  Pie chart 
C)  Bar chart 
D)  Stacked bar chart

Question 10

Continuous data is data that can take on any value within a range.

Accepted Answer

A) True 
 B)False

Question 11

The standard normal distribution has 1 for its mean,median,and mode.

Accepted Answer

A) True 
 B)False

Question 12

Which type of chart is best described as useful for when quartiles,median,and outliers are required for analysis and insights?

Accepted Answer

A)  Scatter plots 
B)  Box and whisker plots 
C)  Line chart 
D)  Pie chart 
A)  Scatter plots 
B)  Box and whisker plots 
C)  Line chart 
D)  Pie chart

Question 13

Declarative visualizations are the product of wanting to 'declare' or present your findings to an audience.

Accepted Answer

A) True 
 B)False

Question 14

Declarative visualizations are the product of wanting to declare or present your findings to an audience.

Accepted Answer

A) True 
 B)False

Question 15

There are very few methods for visualizing quantitative date.

Accepted Answer

A) True 
 B)False

Question 16

Data visualizations should not be used to satisfy an exploratory purpose.

Accepted Answer

A) True 
 B)False

Question 17

Qualitative data is categorical data.

Accepted Answer

A) True 
 B)False

Question 18

The following are typical examples of nominal data except:

Accepted Answer

A)  Grade point average 
B)  Zip codes 
C)  Eye color 
D)  Gender 
A)  Grade point average 
B)  Zip codes 
C)  Eye color 
D)  Gender

Question 19

The standard normal distribution has a 0 for its standard deviation.

Accepted Answer

A) True 
 B)False

Question 20

Nominal data is the simplest form of data.

Accepted Answer

A) True 
 B)False

Red,Yellow,and Blue would be best described as an example of:

The primary statistic used with quantitative data is proportion.

In describing interval data,0 does not mean "the absence of," but is simply another number.

The following are typical examples of nominal data except:

The following are typical examples of ratio data except:

Which type of chart is best described as useful for identifying the correlation between two variables or for identifying a trend line or line of best fit?

After completing your data analysis,the write-up should only include a discussion of the steps of the IMPACT model that really matter.

If you are comparing two datasets that follow the normal distribution,even if the two datasets have very different means,you can still compare them by standardizing the distributions with Zscores.

The following charts are frequently considered for depicting qualitative data except:

Continuous data is data that can take on any value within a range.

The standard normal distribution has 1 for its mean,median,and mode.

Which type of chart is best described as useful for when quartiles,median,and outliers are required for analysis and insights?

Declarative visualizations are the product of wanting to 'declare' or present your findings to an audience.

Declarative visualizations are the product of wanting to declare or present your findings to an audience.

There are very few methods for visualizing quantitative date.

Data visualizations should not be used to satisfy an exploratory purpose.

Qualitative data is categorical data.

The following are typical examples of nominal data except:

The standard normal distribution has a 0 for its standard deviation.

Nominal data is the simplest form of data.

Data Analytics in Accounting and Business

Data Preparation and Cleaning

Modeling and Evaluation: Going From Defining Business Problems and Data Understanding to Analyzing Data and Answering Questions

The Modern Audit and Continuous Auditing

Audit Data Analytics

Generating Key Performance Indicators

Using Financial Statement Data

Filters

Exam 4: Visualizations: Using Visualizations and Summaries to Share Results

Red,Yellow,and Blue would be best described as an example of:

The primary statistic used with quantitative data is proportion.

In describing interval data,0 does not mean "the absence of," but is simply another number.

The following are typical examples of nominal data except:

The following are typical examples of ratio data except:

Which type of chart is best described as useful for identifying the correlation between two variables or for identifying a trend line or line of best fit?

After completing your data analysis,the write-up should only include a discussion of the steps of the IMPACT model that really matter.

If you are comparing two datasets that follow the normal distribution,even if the two datasets have very different means,you can still compare them by standardizing the distributions with Zscores.

The following charts are frequently considered for depicting qualitative data except:

Continuous data is data that can take on any value within a range.

The standard normal distribution has 1 for its mean,median,and mode.

Which type of chart is best described as useful for when quartiles,median,and outliers are required for analysis and insights?

Declarative visualizations are the product of wanting to 'declare' or present your findings to an audience.

Declarative visualizations are the product of wanting to declare or present your findings to an audience.

There are very few methods for visualizing quantitative date.

Data visualizations should not be used to satisfy an exploratory purpose.

Qualitative data is categorical data.

The following are typical examples of nominal data except:

The standard normal distribution has a 0 for its standard deviation.

Nominal data is the simplest form of data.

Data Analytics in Accounting and Business

Data Preparation and Cleaning

Modeling and Evaluation: Going From Defining Business Problems and Data Understanding to Analyzing Data and Answering Questions

The Modern Audit and Continuous Auditing

Audit Data Analytics

Generating Key Performance Indicators

Using Financial Statement Data

Filters