Which Data Types Are Typically Found in the Finance Department

question 202

Multiple Choice

Which data types are typically found in the Finance department?

• A) Promotion data,sales data,advertising data
• B) Employee data,promotion data,vacation data
• C) Investment data,monetary data,reporting data
• D) Transactional data,purchasing data,payroll data,tax data

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Definitions:

Instructions

Directives or commands that are followed to achieve a particular end, often detailed steps on how to complete a task or operate something.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted by alpha.

Rule of Five

A statistical rule of thumb asserting that normal approximation can be used if an expected frequency is 5 or more in all categories of a binomial distribution.

Chi-squared Goodness-of-fit Test

A statistical test to determine if observed data deviates significantly from the expected distribution.