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ITS D 001 Business Statistics with Python

1. Which step in the decision making process identifies the decision criteria?

a. 1

b. 2

c. 3

d. 4

2. A population surveyor is tasked to find out more about the population using survey. What kind of data collection method is being used by the surveyor?

a. proactive

b. reactive

c. automated

d. none of the options

3. Which of the following represent the DCOVA framework?

a. define, collect, organise, visualise, apply

b. define, continuous, organise, visualise, apply

c. define, collect, organise, visualise, analyse

d. none of the options

4. Given that there are 10000 students in a university, John wishes to find the average age of the students. He asked a number of students for their age and calculate the average. He then use this value as the representative average age of the whole university. What kind of statistics is he attempting to apply?

a. business statistic

b. descriptive statistic

c. inferential statistic

d. none of the options

5. There are TWO (2) goals in a correlational study. One of the goal is to determine whether there is a relationship between two variables. Which of the following is the other goal?

a. to simply observe two variables

b. to process the data collected

c. to develop optimisation models to support all levels of management

d. none of the options

6. A survey was conducted on a population to determine the number of cell phones in a household. What kind of variable is this and what kind of scale will be suitable?