Multiple Choice
Which of the following best describes the data reduction approach to data analytics?
A) An attempt to characterize the typical behavior of an individual, group or population by generating summary statistics about the data.
B) An attempt to predict a relationship between two data items.
C) An attempt to reduce the amount of information that needs to be considered to focus on the most critical items.
D) An attempt to discover associations between individuals based on transactions involving them.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Which of the following best describes the
Q27: Data analytics has the potential to transform
Q28: The M in IMPACT Cycle represents Master
Q29: The process of data analytics aims to
Q30: Data analytics allows auditors to glean insights
Q32: Analytic-minded accountants should report results of analysis
Q33: Which of the following best describes the
Q34: Assume that you have just started a
Q35: Auditors can use social media to hear
Q36: Which of the following best describes the