The Category of Business Analytics That Is Often Used to Optimize

question 145

Multiple Choice

The category of business analytics that is often used to optimize the performance of a system in the business would be __________.

• A)Descriptive
• B)Prescriptive
• C)Metric
• D)Predictive
• E)Mining

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Definitions:

Sample Size

The number of observations or units of analysis in a study, which can influence the study's ability to detect effects and generalize findings.

Population Deviation

A measure of the dispersion or variability in a population; it quantifies the degree to which members of the population differ from the mean.

Population Mean

The average value of all the elements in a population, representing the expected value of a given population parameter.

Critical Value

A threshold value that defines the cutoff points in a statistical test which discriminates between the null hypothesis and the alternative hypothesis.