1.) Which of the following statements best describes statistical methods? 2.) Yo
ID: 3250782 • Letter: 1
Question
1.) Which of the following statements best describes statistical methods?
2.) You have recently retired and made your new home near the campus of a prestigious college. One afternoon as you walk through the lovely campus, you notice that a public lecture will take place on the subject of great interest to you....Business Analytics: New Science or Passing Fad. The lecturer is renown Professor of Data Science, Yu Chi Liu. You decide to attend and sit near the front of a packed lecture hall (your hearing loss makes it necessary). Prof. Liu states that business analytics begins with the following: "collection, organization, and manipulation of data." You sheepishly raise your hand and Prof. Liu calls on you. You ask: "What is data organization Prof. Liu?" She smiles and says: "You tell me." She offers you the choices below. Which is the best choice?
D. The act of changing data into a form that is more convenient or compatible for analysis; for example, taking a numeric value (say $104,091.43) and replacing it with a categorical designation (say between $90,000 and $125,000)
3.) What form of data analytics is implied by the graphic below?
A. It contains three components: data management, model management, and a communication systemExplanation / Answer
statistical methods discribes
C. It includes tools of description, exploration, estimation, and inference, as well as other advanced techniques
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