Practice Increased Use Of Data Analytics (4.5.3)

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9 questions

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4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is data analytics?
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Think of it as analyzing numbers to find insights.
Question 2.
What is predictive analytics?
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Consider how we can use the past to predict trends.
3Question 3.
What is data analytics primarily used for?
- A. Cooking
- B. Data examination for insights
- C. Time management
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Think about how businesses look at data.
4Question 4.
True or False: Predictive analytics can help a business adjust its strategies based on historical data.
- True
- False
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Consider how past behavior helps with future planning.
Question 5.
A retail company finds its inventory levels frequently mismatched with customer demand. Propose a data analytics strategy to address this issue.
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Consider what data points might inform stock level adjustments.
Question 6.
Discuss the potential ethical implications of using data analytics in decision-making. How might it affect consumer privacy?
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Think about how data is sourced and used in decision-making.

5 more questions in this section. Enroll free to practise them all.