After Obtaining a Large Data Set, a Business Analyst Will

question 56

Multiple Choice

After obtaining a large data set, a business analyst will first want to determine _________.

• A)descriptive statistics of all variables
• B)the standard deviation of key variables
• C)only the mean of all variables
• D)what other variables should be included in the data set
• E)when the updated version of the data set will be available

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Definitions:

Machine-Hours

The total time machines are operated within a certain period, often used to allocate manufacturing overhead.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of goods, such as salaries of supervisors and the cost of factory utilities.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a specific activity base.

Machine-Hours

A measure of production or work volume that indicates the amount of time a machine has been operating.