Week 1

A furniture manufacturer wants to find a more environmentally friendly way to make its products. A data analyst helps solve this problem by gathering relevant data, analyzing it, and using it to draw conclusions. The analyst then shares their analysis with subject-matter experts from the manufacturing team, who validate the findings. Finally, a plan is put into action. This scenario describes data science. True or False?

False

A data analyst finishes analyzing data for a marketing project. The results are clear, so they present findings and recommendations to the client. What should they have done before that presentation? Archived the datasets in order to keep them secure Created a model based on the results of the analysis Surveyed customers about results, conclusions, and recommendations Shared the results with subject-matter experts from the marketing team for their input

Shared the results with subject-matter experts from the marketing team for their input. This is an example of data-driven decision-making

To get the most out of data-driven decision-making, it's important to include insights from people very familiar with the business problem. These people are called?

Subject-matter experts

Fill in the blank: The primary goal of a data _____ is to create new questions using data. designer scientist analyst engineer

scientist

An airline collects, observes, and analyzes its customers' online behaviors. Then, it uses the insights gained to choose what new products and services to offer. What business process does this describe? Data-driven decision-making Analytical thinking Collaboration with stakeholders Performance measurement

Data-driven decision-making

In data analytics, what term describes a collection of elements that interact with one another? A data ecosystem A database The cloud environment A modeling system

A data ecosystem

Which of the following terms refers to the collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making? Data analysis Data life cycle Data insight Data elements

Data analysis

Which of the following statements best defines data? Data is a business process. Data is a collection of facts. Data is an assortment of questions. Data is the use of calculations and statistics.

Data is a collection of facts.

Fill in the blank: In data analytics, the data ecosystem refers to the various elements that interact with one another to produce, manage, store, _____, analyze, and share data. merge organize locate ingest

organize

Which of the following options describes data analysis? A. The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making B. Creating new ways of modeling and understanding the unknown by using raw data C. The various elements that interact with one another in order to provide, manage, store, organize, analyze, and share data D. Using facts to guide business strategy

A. The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making

You have just finished analyzing data for a marketing project. Before moving forward, you share your results with members of the marketing team to see if they might have additional insights into the business problem. What practice does this support? Data analytics Data-driven decision-making Data management Data science

Data-driven decision-making. Including insights from people who are familiar with the business problem is an example of data-driven decision-making. Data-driven decision-making is using facts to guide business strategy.

Fill in the blank: The term _____ is defined as an intuitive understanding of something with little or no explanation.

gut instinct