11. What is the primary focus of "market basket analysis" in business data science? A. Analyzing customer purchase patterns B. Identifying the most popular items C. Calculating data storage costs D. Tracking employee performance Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
12. In business analytics, what does the term "data integration" refer to? A. Combining data from multiple sources B. Storing data in a single database C. Reducing data complexity D. Sharing data with competitors Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
13. What does the acronym "ROI" stand for in the context of business analytics? A. Return on Investment B. Rate of Online Interaction C. Random Order of Information D. Redundant Operations Inference Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
14. In data science for business, what is the primary goal of "time series forecasting"? A. Predicting future values based on time B. Analyzing data within a timeframe C. Sorting data by time intervals D. Estimating data storage requirements Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
15. What is the primary focus of "text analytics" in business data science? A. Analyzing textual data for insights B. Calculating numerical statistics C. Visualizing data patterns D. Conducting online surveys Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
16. What is the primary goal of "customer churn prediction" in business analytics? A. Retaining existing customers B. Maximizing computational complexity C. Minimizing data storage costs D. Extracting actionable insights Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
17. In data science, what is "data visualization" used for in business analytics? A. Collecting data from various sources B. Displaying data in graphical form C. Identifying patterns in data D. Calculating data storage costs Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
18. What is the main purpose of "market segmentation" in data science for business? A. To group products by category B. To categorize customers by behavior C. To personalize marketing strategies D. To eliminate product data Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
19. In business analytics, what is the primary goal of "predictive maintenance"? A. Minimizing data collection costs B. Reducing data storage requirements C. Forecasting equipment failures D. Analyzing market trends Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
20. What is the primary objective of "cluster analysis" in business data science? A. Identifying patterns in data B. Creating randomized experiments C. Optimizing marketing campaigns D. Calculating data storage costs Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
