My Mod 1 for Foundations: Data, Data, Everywhere

Which of the following examples demonstrate data-driven decision-making?

A hospital uses statistics in health records to identify patients who may be at risk for certain diseases. A grocery store polls customers about their brand preferences, then uses the survey results to determine which items to stock. A manufacturing company uses documented information about production processes to improve efficiency.

What is a quartile?

A quartile divides data points into four equal parts.

Understanding Context

An acquaintance tells you that they spend many hours each day "playing." To learn more, you ask them whether they play sports, a musical instrument, or something else. Their answer helps you clarify the meaning of their statement. What does this scenario describe?

Data-driven decision making

An e-commerce website collects, observes, and analyzes its customers' online behaviors. Then, it uses the insights gained to choose when to put certain products on sale. What business practice does this describe?

Facts

Analytical skills are the qualities and characteristics associated with using _____ to solve problems.

What is the data analysis process in 5 words: APPASA

Ask, Prepare, Process, Analyze, Share, Act

The condition in which something exists or happens

Context

What are the 5 essential analytical skills?

Curiosity, Understanding context, having a technical mindset, data design & data strategy.

Which of the following statements correctly describe data and data analysis?

Data is a collection of facts, Collecting data is part of the data analysis process

Which of the following activities are elements of data-driven decision-making?

Data is a collection, collecting data is part of the data analysis process

A data professional considers how they can best manage the key elements of an analysis project. They confirm that team members know how to use the right data, ensure there's a clear path to a solution, and check that the right technology is in place. Which analytical skill does this scenario describe?

Data strategy

While planning a roadtrip, you figure out all of the specific stops you need to take along the way. You also consider how often you'll stop for gas, meals, and sleep. Having this information enables you to execute your plan. What does this scenario describe?

Detail-oriented thinking

Data Ecosystem

Fill in the blank: A _____ encompasses the various elements that interact with one another in order to produce, manage, store, organize, analyze, and share data.

A pet shelter wants to receive 15% more donations at this year's holiday fundraiser than were given in previous years. Data team members look into past donations compared to desired donations for this holiday season. They then develop strategies to bridge the difference between the two. What does this scenario describe?

Gap Analysis

What is a method for examining and evaluating how a process works currently in order to get to an improved future state?

Gap analysis

Data analysts use a problem-oriented approach in order to _____, describe, and solve problems.

Identify

Fill in the blank: Analytical thinking involves _____ a problem, then solving it by using data in an organized, step-by-step manner.

Identifying & defining

Data Analysis

In your role as a data professional, you examine a dataset of taxi rides to determine which hour of the day typically has the highest demand. Under which discipline does this example best fall?

What type of data visualization might an analyst create in order to communicate data insights to others?

Map, Chart, Graph

Data science is creating new ways of ______ and understanding the unknown by using raw data?

Modeling

Question 6 Which of the following are examples of analytical thinking?

Noting that just because two pieces of data trend in the same direction, it does not necessarily mean they are related, Identifying and defining a problem, then solving it by using data in an organized manner and maybe using intuition to drive discission making

A data team at a national bank plans a project about its customer bill-paying tool. They apply analytical thinking to decide what they want to achieve with the data. This helps ensure the data is valuable and will help them accomplish their goals. Which aspect of analytical thinking does this scenario describe?

Strategic thinking

Understanding context

The analytical skill that has to do with how you group things into categories

A technical mindset

The analytical skill that involves breaking processes down into smaller steps and working with them in an orderly, logical way

Data design

The analytical skill that involves how you organize information

Data strategy

The analytical skill that involves managing the processes and tools used in data analysis

When building data into business strategy, why is it important to include insights from subject-matter experts?

The correct answers are: ✅ They can review analysis results and help identify inconsistencies.✅ Their experience and human intuition are valuable to data-driven decision-making.✅ They are familiar with the business problem.

Analytical skills

The qualities and characteristics associated with solving problems using facts

The specifics

To execute a plan using detail-oriented thinking, what does a data analyst consider?

Which of the following activities are elements of data-driven decision-making?

Uncover trends or patterns, determine the problem to be solved, analyze data

Data Analyzation

Visualization, Strategy, Problem-orientation, correlation, big picture and detailed orientated thingking

Ask why 5 times.

What is a root cause analysis?