3/23/25, 11:12 PM Assignment - 2: Attempt review | CET
Started on Sunday, 23 March 2025, 11:03 PM
State Finished
Completed on Sunday, 23 March 2025, 11:12 PM
Time taken 9 mins 16 secs
Question 1
Complete
Marked out of 1.00
The defining characteristics of Big Data enable organizations to handle massive
volumes of information efficiently. Which of the following best describes Big Data?
a. Big Data is unsuitable for real-time analytics, as processing large datasets takes significant
time.
b. Big Data is defined by the Volume, Velocity, and Variety of large datasets, requiring
specialized computational methods for processing.
c. Big Data consists only of structured data stored in relational databases, limiting its
scalability.
d. Big Data does not require any specific tools for analysis, as traditional methods suffice.
Question 2
Complete
Marked out of 1.00
Time-series data is fundamental in decision science as it allows organizations to identify
historical trends and make future predictions. What key characteristic defines time-series
data?
a. Time-series data consists of values recorded at a single point in time, making it static rather
than dynamic.
b. Time-series data is primarily unstructured, making it difficult to apply statistical analysis.
c. Time-series data is gathered at continuous intervals over time, enabling trend analysis
and forecasting.
d. Time-series data is only collected from survey respondents, making it highly subjective.
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3/23/25, 11:12 PM Assignment - 2: Attempt review | CET
Question 3
Complete
Marked out of 1.00
Predictive maintenance is a core application of data analytics that leverages real-time
sensor data and historical performance metrics to anticipate potential failures in industrial
settings. Which sector primarily utilizes this technique to minimize operational disruptions
and reduce maintenance costs?
a. The Manufacturing industry, where machinery efficiency and preventive maintenance are
critical.
b. The Retail sector, which primarily focuses on customer behavior analysis.
c. The Education sector, which utilizes data science for student performance tracking.
d. The Hospitality industry, which optimizes service delivery using consumer preferences.
Question 4
Complete
Marked out of 1.00
AI-driven recommendation engines are widely adopted in e-commerce to personalize
customer experiences. What is the primary reason businesses leverage these systems?
a. Businesses use these engines solely for eliminating unpopular products from inventory.
b. These systems rely on customer browsing history, past purchases, and behavioral
analytics to provide personalized product recommendations.
c. AI recommendation engines randomly suggest products to customers without analyzing
preferences.
d. AI recommendation engines focus only on increasing website traffic without tracking
customer interactions.
Question 5
Complete
Marked out of 1.00
Structured and unstructured data differ in their processing methodologies and storage
mechanisms. Why is structured data often preferred in traditional business intelligence
systems?
a. Structured data is preferred only in financial applications, whereas unstructured data is used
across all other industries.
b. Structured data eliminates the need for data storage, as it does not require database
management.
c. Structured data is inherently more flexible and can accommodate multiple formats without
requiring preprocessing.
d. Structured data supports predefined schemas, making it easier to retrieve, filter, and
analyze using query-based tools such as SQL.
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3/23/25, 11:12 PM Assignment - 2: Attempt review | CET
Question 6
Complete
Marked out of 1.00
In banking and financial services, transaction records serve as foundational data points.
How does the application of data analytics transition from raw data to actionable wisdom in
the context of financial decision-making?
a. Insights derived from customer financial behavior are utilized to offer personalized
financial solutions, credit optimization, and fraud mitigation strategies.
b. The data is converted into monthly statements and financial summaries, providing
structured information for account holders.
c. Banks accumulate vast amounts of transactional data, including customer purchases and
withdrawals, but do not analyze it for trends.
d. Advanced analytics models examine spending behaviors and financial patterns, enabling
risk assessment and fraud detection.
Question 7
Complete
Marked out of 1.00
In the field of healthcare analytics, AI-powered predictive models are increasingly
employed to analyze large-scale patient data. What is the primary advantage of leveraging
such models in medical decision-making?
a. To streamline administrative processes by automating hospital management tasks.
b. To increase revenue streams for healthcare providers by prioritizing high-value treatments.
c. To replace human physicians with automated decision-making systems, eliminating human
intervention.
d. To identify early indicators of diseases by analyzing historical patient data, thereby
improving diagnosis accuracy and personalized treatment plans.
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3/23/25, 11:12 PM Assignment - 2: Attempt review | CET
Question 8
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Marked out of 1.00
Within the Data-Information-Knowledge-Wisdom (DIKW) framework, which stage is
characterized by the transformation of raw, unstructured data into a contextualized and
meaningful format that can be utilized for analytical purposes?
a. The Information stage, where data is processed, structured, and given contextual
significance.
b. The Data stage, where raw figures and numbers are collected but lack context.
c. The Knowledge stage, where patterns and relationships are inferred from processed
information.
d. The Wisdom stage, where insights derived from knowledge are strategically applied to
decision-making.
Question 9
Complete
Marked out of 1.00
Data classification plays a crucial role in decision science. Which of the following
represents a scenario where qualitative data is used instead of quantitative data?
a. A consumer survey where respondents provide satisfaction ratings such as "Highly
Satisfied," "Neutral," or "Dissatisfied."
b. A retail company analyzing numerical sales figures to evaluate revenue growth trends.
c. A financial institution assessing stock market indices and investment returns using numerical
computations.
d. A manufacturing plant recording temperature fluctuations in machinery to optimize production
efficiency.
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3/23/25, 11:12 PM Assignment - 2: Attempt review | CET
Question 10
Complete
Marked out of 1.00
In business research, data collection methodologies play a crucial role in determining
the accuracy and relevance of insights. Which of the following statements accurately
describes the characteristics of primary data?
a. Primary data is gathered directly from the source through surveys, experiments, and
interviews, ensuring high relevance to the research objective.
b. Primary data is less accurate than secondary data, as it lacks validation from external
sources.
c. Primary data is obtained from existing sources such as government databases and
industry reports rather than collected firsthand.
d. Primary data is always qualitative, as it is collected from subjective opinions rather than
numerical values.
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