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

---

Definitions:

Wealth Redistribution

The transfer of income, wealth, or property from certain individuals or groups to others by means of a social mechanism, such as taxation, charity, welfare, public services, land reform, monetary policies, or confiscation.

Firm Level

Pertains to policies, operations, or characteristics specific to an individual company or organization, as opposed to industry-wide or macroeconomic levels.

Profit-sharing Plan

Profit-sharing Plan is a company program that provides employees with a share in the profits of the business, usually distributed annually or quarterly.

Deferred Payment

A financial arrangement allowing for payment to be made at a later date instead of at the time of purchase or service rendered.