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Business Analytics Practice Test: Intermediate Level
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Business analytics is the process of transforming data into insights to improve business decisions.

Data management, data visualization, predictive modeling, data mining, forecasting simulation, and optimization are some of the tools used to create insights from data.

Related test: Business Analytics Practice Test: Easy

Business Analytics Practice Test: Intermediate Level
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25 Questions

1. Set of raw data arranged in ascending or descending order is called
2. In a Venn diagram used to represent probabilities, sample space of events is represented by
3. For a rectangular or uniform distribution, value of interval a is 7 and value of interval b is 8 then value of mean for distribution is
4. Considering set of observations, percentage of values that lies within population mean plus two standard deviations is
5. In standard normal probability distribution, z-score of distribution will be zero if
6. Three times of difference between mean and median is divided by standard deviation to calculate coefficient of skewness by method of
7. Area diagrams and surface diagrams are other names of
8. Types of histograms includes
9. In a symmetrical distribution, third quartile and first quartile of data in distribution must
10. Halfway point between lower class limits and upper class limits is classified as
11. If classification of collected data is based on characteristics such as religion, education and caste, then this is considered as
12. Branch of statistics which deals with development of particular statistical methods is classified as
13. Measures in sampling that are results of sample analyses are called
14. Method of sampling in which population is divided in to mutual exclusive groups that have useful context in statistical research is classified as
15. Three dimensional diagrams are named as so because they considers both
16. Standard deviation of data is 12 and mean is 72 then coefficient of variation is
17. Undesirable consequences which causes estimated population variance to appear less as compared to real results are classified as
18. Marginal probability of independent events and dependent events must be
19. 2600 applications for home mortgage are received by a bank and probability of approval is 0.78 then standard deviation of binomial probability distribution is
20. Arithmetic mean is 25 and all sum of observations is 350 then number of observations are
21. Graphs which represents data on maps are considered as
22. Conditions such as large sample size to represent population and samples must be drawn randomly are included in
23. Considering combination rule of counting outcome, value of 5! Is
24. Demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. profit per unit is $0.50 then expected profits for three days are
25. Formula in which Σ(x-x‾)² is divided by one less than number of observations in sample is classified as

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