Business Analytics Leave a Comment / By Admin / January 27, 2024 Welcome to your Business Analytics Exam You only have 30 minutes to answer the questions and you have two chances to answer. Name Email Business Phone Country City 1. What is the primary goal of business analytics? Creating data visualizations Generating reports Implementing machine learning algorithms Leveraging data for business insights None 2. What does EDA stand for in the context of business analytics? Exploratory Data Analysis Efficient Data Analytics Essential Data Assessment External Data Analysis None 3. Which type of analytics focuses on understanding what happened in the past? Inferential analytics Descriptive analytics Predictive analytics Prescriptive analytics None 4. Which machine learning algorithm is commonly used for classification tasks? Random forests Decision trees All of the above Support vector machines None 5. If a machine learning model has an accuracy of 85%, how many incorrect predictions were made out of 200 instances? 170 150 30 15 None 6. A company's revenue increased by 15% last year. If the revenue was $500,000, what is the new revenue? $525,000 $575,000 $575,000 None 7. In predictive analytics, what does regression analysis primarily aim to do? Identify outliers Classify data points Optimize decision-making Analyze relationships between variables None 8. If a dataset has values 15, 20, 25, 30, and 35, what is the median value? 27.5 35 30 25 None 9. In a dataset, the standard deviation is 5. If the mean is 20, what is the variance? 30 35 20 25 None 10. What is a key challenge associated with big data in business analytics? Limited storage capacity Low processing speed Difficulty in handling large volumes of data Lack of data sources None Time's upTime is Up!
