Descriptive Analytics

question 43

Multiple Choice

Descriptive analytics:

• A) can predict risk and find relationships in data not readily apparent with traditional analyses.
• B) helps companies classify their customers into segments to develop specific marketing campaigns.
• C) helps detect hidden patterns in large quantities of data to group data into sets to predict behavior.
• D) can use mathematical techniques with optimization to make decisions that take into account the uncertainty in the data.

---

Definitions:

Paychecks

Documents issued by an employer to an employee to pay for services rendered, representing salary or wages.

Withheld FICA Tax

Taxes taken out of an employee's paycheck for Social Security and Medicare.

Excess Social Security Tax

The amount of Social Security taxes paid over the maximum limit set for the year, which can occur when an individual works for multiple employers.

Form 1040

The conventional form from the Internal Revenue Service (IRS) employed by individuals to declare their annual income taxes.