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BU6015 - Business Analytics

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What is an observation called that lies outside its expected distribution?

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If a business analyst wanted to learn about college students in the state of Texas by having them complete an online survey. Would the analyst be more likely to analyze a sample or a population?

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A company wants to maximize sales. Based on the data visualization, which regions have the highest sales?

The tree map shows the region in columns and segment in rows with the sum of sales. Following is the sales by region and segment. Consumer: central - $252,031; east - $350,908; south - $195,581; west - $362,881. Corporate - central - $157,996; east - $200,409; south - $121,886; west - $225,855. Home office - central - $91,213; east - $127,464; south - $74,255; west - $136,722.

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What menu option/functionality in Excel is suitable for the exhibit below?

The table contains 4 columns and 4 rows. The heading of column 1 is a drop down menu where row labels is selected. The headings of columns 2 to 4 are as follows: sum of transaction amount; average of transaction amount; count of transaction amount. The row entries are as follows: row 2 - in-person; $1,715.72; $33,64; 51. Row 3 - online; $5,709.24; $40.21; 142. Row 4 - grand total; $7,424.95; $38.47; 193.

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Of the data items listed below, which has the highest velocity?

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Predictive Analytics emphasizes “Will something happen in the future?”.

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What are the increments of the scale that are listed on the vertical axis?
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Which measure would help us evaluate what happens in the highest and lowest 20 percent of the data?

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Based on the scatterplot in Lab 1.1 Excel, Assessing Profitability of a Mowing Business, if the labor cost per lawn is $25, what is the expected monthly profit margin?

The line graph is titled monthly margin. The horizontal axis represents labor cost per lawn ranging from 0 to 30 in increments of 5 and the vertical axis represents monthly profit margin ranging from 0 to 6000 in increments of 1000. A line decreases in monthly profit margin with increase in labor cost per lawn. The line connects the following points: (13, 5300), (15, 5000), (17, 4700), (19, 4100), (21, 3800), (23, 3300), and (25, 3000). All data are approximate.

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Identify the chart type for the exhibit below. Hint: An invoice is a receipt given to a customer at the time of sale listing all of the products included in the sale.

The tree map shows a few product numbers by quantities. Following are the product numbers from the highest count to the lowest count: SKY-BAT; SKY-PLR; SKY-STK; SKY-CHG; SKY-PRK; SK2-CIK; SK2-ADP; SK2-SPK; MEM-64; MEM-128; PRK-CSE; SK2-BEA; SK2-CHG; SK2-JOY; SK2-PRK; SK2-USB; blank; SK2-STK; MEM-256; blank.

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