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Last Updated: Sep 17, 2026
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| Section | Objectives |
|---|---|
| Topic 1: Data-Driven Culture and Communication | - Ethical Considerations in Data Use - Stakeholder Communication - Building Data-Informed Organizations - Presenting Data Insights |
| Topic 2: Business Intelligence and Analytics | - Predictive Analytics Basics - Dashboards and Reporting - Key Performance Indicators (KPIs) - Data Mining Concepts |
| Topic 3: Data Analysis Fundamentals | - Data Quality and Cleaning - Descriptive Statistics - Data Types and Measurement Scales - Data Visualization Techniques |
| Topic 4: Decision-Making Frameworks | - Evidence-Based Decision Making - Rational Decision Models - Cost-Benefit Analysis - Risk Analysis and Assessment |
A professional services firm is undergoing a business process improvement exercise to improve productivity, staff morale, and client satisfaction while also thinking about the overall long-term financial performance of the company.
Which performance tool would best meet this firm ' s objectives?
Correct Answer: A 🗳️
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An analyst used multiple linear regression to show how a big box store's sales (y) are predicted by the big box store's advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 # 26.89x2. How are advertising expenditures and sales related in this scenario?
Correct Answer: B 🗳️
Two project teams are assigned to upgrade an on-premise data warehouse to a cloud-based data lake in 13 months. The infrastructure team has five team members, while the enterprise analytics team has three team members. The enterprise analytics team cannot move into production until the infrastructure team has completed the migration.
What should be used to find the probability that the project will be completed on time?
Correct Answer: B 🗳️
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A normally distributed data index of vehicle safety ratings has a mean of 100 and a standard deviation of 15.
What is the probability that a randomly selected vehicle safety score from the data set will be between 85 and
115?
Correct Answer: D 🗳️
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A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?
Correct Answer: A 🗳️
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