Executive Diploma in Data Analytics

Understanding Business Data

Quiz Result

Quiz Completion Time : 00:05:24

Wrong/Skipped

Right Answer

Your Score : 70%

Passing Score : 50%

Areas to Focus:

Lesson - Concept

Lesson - Types of Data

Lesson - Types of Data (Contd)

Lesson - Decision Making

Lesson - Data to Insight in Decision Making

Lesson - Relevance of Data in Decision Making

Lesson - Quality of Data

Lesson - Big Data

Lesson - Data Privacy and Ethics

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1. To what factors does Netflix attribute its achievements as a streaming platform?

Your Answer : Data Insights

Description : Netflix credits its success as a streaming platform to data insights. Netflix uses data to track
user behavior, such as what shows and movies users watch, how long they watch them, and what ratings
they give them. This information is used to recommend new shows and movies to users, and it is also used
to make decisions about what content to produce and acquire.

Question Reference From : Relevance of Data in Decision Making

2. Data of total number of employee in finance department which is more specific and numeric is?
Your Answer : Discrete Data

Description : Data on the total number of employees in the finance department which is more specific and
numeric is discrete data. Discrete data is data that can take on only a finite number of values. In this case,
the number of employees in the finance department can only be an integer, such as 10, 11, 12, etc.

Question Reference From : Types of Data

3. Which of the following is the data that provides information about primary data, including its version,
status, and related details?

Your Answer : Meta Data

Description : Metadata refers to the data that provides information about other data. It describes various
aspects of the primary data, such as its structure, content, format, quality, and context. Metadata helps
users understand and manage the primary data more effectively.

Question Reference From : Concept

4. What type of data classification does information about the daily weight of rice sales represent?

Your Answer : Continuous Data

Description : The data providing the weight of rice sold every day is an example of continuous data.
Continuous data is data that can take on any value within a given range. In this case, the weight of rice sold
every day can be any value between 0 and infinity.

Question Reference From : Types of Data

5. What factors are important for an organization to make good decisions?

Your Answer : Data and Analysis

Description : Organizations need access to accurate and timely data to make informed decisions. They also
need to have the skills and tools to analyze data effectively.

Question Reference From : Data to Insight in Decision Making

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6. What quality of data is highly significant?

Your Answer : Uniqueness

Correct Answer : Accessibility

Description : Accessibility is a highly significant quality of data. Accessible data is data that can be easily
accessed and used by people with disabilities. This is important because it ensures that everyone has an
equal opportunity to use data.

Question Reference From : Quality of Data

7. Which analysis is used by the big data approach?

Your Answer : Structured and Repeated Analysis

Correct Answer : Iterative and Explanatory Analysis

Description : The big data approach uses iterative and explanatory analysis. This means that data is
analyzed repeatedly and in different ways to gain insights and make better decisions.

Question Reference From : Big Data

8. Why are data-driven decisions beneficial to an organization?

Your Answer : Both (a) and (b)

Description : Data-driven decisions benefit organizations by enabling the identification of competitive

advantages through improved products and differentiation, while also enhancing agility to swiftly adapt to
changing markets, particularly in fast-paced industries like technology and retail.

Question Reference From : Relevance of Data in Decision Making

9. Data collected for an organization over a period of time is known as?

Your Answer : Time series data

Correct Answer : Either (a) or (b)

Description : The data collected for an organization over a period of time could be either longitudinal data
or time series data. It depends on how the data is collected. If the data is collected from the same
individuals or entities over time, then it is longitudinal data. If the data is collected at regular intervals over
time, then it is time series data.

Question Reference From : Types of Data

10. How is securing data in an organization beneficial?

Your Answer : Protection from Accidental Disclosure

Description : Securing data in an organization benefits it by protecting it from accidental disclosure. This
can happen in a variety of ways, such as; Human error, Technical failures, Natural disasters, etc. By

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 implementing security measures, organizations can help to prevent accidental disclosure of data and
protect their assets.

Question Reference From : Data Privacy and Ethics

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