logo

Crowdly

Browser

Add to Chrome

BU6015 - Business Analytics

Looking for BU6015 - Business Analytics test answers and solutions? Browse our comprehensive collection of verified answers for BU6015 - Business Analytics at moodle.polytechnic.bh.

Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!

What is a one-page report that includes the statement of the problem, description of the project’s relevance, results, and recommended course(s) of action?
❌
❌
✅
❌
View this question

A new business, CoolIT, sells items to keep you cool when outside. Its products include coolers, generators, floats, and other water accessories designed to beat the heat. CoolIT has been spending money on innovative advertising in hopes of increasing its sales revenue. Below is a scatterplot showing advertising expense and sales revenue for the last 36 months. Based on the chart what type of correlation do advertising expense and sales revenue have?

The scatterplot shows a positive correlation between advertising expense and sales revenue. The x axis ranges from $5,600 to $6,200 in increments of 100 dollars. The vertical axis ranges from $0 to $180,000 in increments of $20,000. The data points are concentrated between ($5,700, $90,000) and ($6,150, $170,000).

✅
❌
❌
❌
View this question
The correlation coefficient can have a range of________.
❌
❌
✅
❌
View this question

What is an example of a cash reconciling item for an item recorded by the bank but not yet recorded in the general ledger?

❌
❌
❌
✅
View this question

What term encapsulates analytics that use statistics to judge the likelihood (probability) of a future event or outcome occurring?

❌
❌
❌
✅
View this question
Correlation produces an equation of a line.
View this question
In simple random sampling, every observation in the population has an equal chance of being selected.
View this question

Based on the summary statistics computed in Lab 4.1 Excel, Evaluating Inventory, Waste and Profit Margins, what is the average loss due to waste?

Statistics under inventory turnover are shown in columns A and B and that under waste as a percentage of costs are shown in columns C and D. The statistics under inventory turnover are shown in rows 3 to 15 under columns A and B, as follows: Mean: 5.661095515. Standard error: 0.45535057. Median: 4.467292249. Mode: not available. Standard deviation: 4.098335134. Sample variance: 16.79635087. Kurtosis: 3.488759241. Skewness: 1.775795275. Range: 20.79597681. Minimum: 1.280482453. Maximum: 22.07645926. Sum: 458.5487367. Count: 81. The statistics under waste as a percentage of costs are shown in rows 3 to 15 under columns C and D, as follows: Mean: 0.136110836. Standard error: 0.012282511. Median: 0.116705165. Mode: not available. Standard deviation: 0.110542603. Sample variance: 0.012219667. Kurtosis: 2.926831136. Skewness: 1.511460733. Range: 0.570726257. Minimum: 0.002081795. Maximum: 0.572808051. Sum: 11.02497774. Count: 81.

✅
❌
❌
❌
View this question

What is the interquartile range (IQR) for Sales Price in the chart shown below?

The figure shows a box plot. The vertical axis shows the sales price ranging from $0 to $3,000 in increments of $500. The lower whisker has a value of $19.00. The first quartile has a value of $59.00. The median or the second quartile has a value of $149.00. Inside the box above the second quartile the following is entered: X$624.40. The third quartile has a value of $949.00. The upper whisker has a value of $1,799.00. The outlier above the upper whisker has a value of $2,299.00. The outlier and maximum value is $2,599.00.

❌
✅
❌
❌
View this question
Which of the following would not be a calculated variable from other data?
✅
❌
❌
❌
View this question

Want instant access to all verified answers on moodle.polytechnic.bh?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Browser

Add to Chrome

TelegramInstagramTikTokQuestion Bank
Terms of UseContact Us