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| Section | Objectives |
|---|---|
| Topic 1: Data-Driven Culture and Communication | - Stakeholder Communication - Building Data-Informed Organizations - Ethical Considerations in Data Use - Presenting Data Insights |
| Topic 2: Business Intelligence and Analytics | - Dashboards and Reporting - Key Performance Indicators (KPIs) - Data Mining Concepts - Predictive Analytics Basics |
| Topic 3: Data Analysis Fundamentals | - Data Types and Measurement Scales - Data Visualization Techniques - Data Quality and Cleaning - Descriptive Statistics |
| Topic 4: Decision-Making Frameworks | - Evidence-Based Decision Making - Cost-Benefit Analysis - Risk Analysis and Assessment - Rational Decision Models |
1. Which tool is often referred to as a fishbone chart or diagram?
A) Flowchart
B) Histogram
C) Cause-and-effect diagram
D) Scatter diagram
2. What are random errors caused by?
A) An instrument that needs calibration
B) Unpredictable fluctuations in readings
C) Biased data
D) Respondents favoring certain outcomes
3. A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?
A) Multiplication principle
B) Bayes ' theorem
C) Conditional probability
D) Combination
4. Which distribution would have a mean and median that are approximately equal after an analysis of each employee's number of customer service calls over the last month?
A) Normal distribution
B) Bimodal distribution
C) Pareto distribution
D) Multimodal distribution
5. A firm seeks to sharply reduce sales lead times to enhance sales effectiveness and productivity. Which action should the firm take to accomplish this?
A) Increase the research and development budget
B) Implement additional quality assurance measures
C) Prepare a media campaign
D) Deploy a customer relationship management tool
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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