Question 1

What is a potential risk of not defining the problem clearly?

Options :

A : Increased data accuracy

B : Misaligned solutions

C : Enhanced model performance

D : Faster project completion

Answer: B

Question 2

Why should the scope of the analytics approach be clearly defined?

Options :

A : To avoid scope creep

B : To reduce computational cost

C : To select visualization tools

D : To improve model performance

Answer: A

Question 3

What is the main goal of an analytics process design?

Options :

A : To collect as much data as possible

B : To ensure the process is efficient and effective

C : To use the latest technology

D : To involve as many stakeholders as possible

Answer: B

Question 4

How can hypotheses guide the data collection process?

Options :

A : By determining data storage needs

B : By specifying the types of data required

C : By selecting visualization techniques

D : By outlining data cleaning methods

Answer: B

Question 5

What is the purpose of a Monte Carlo simulation in analytics?

Options :

A : To perform descriptive analysis

B : To assess risk and uncertainty

C : To cluster data

D : To normalize data

Answer: B