What Is the Function of a Data Scientist

question 42

Multiple Choice

What is the function of a data scientist?

• A) To collect large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools
• B) To process and manage algorithms across many machines in a computing environment
• C) To focus on forecasting future trends and produce insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization
• D) To extract knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information

Distinguish between indirect costs that are difficult to trace to a particular job from those that are not.

Assess the impact of estimated activity level on the spread of fixed costs and the costing of unused capacity.

Identify the factors that influence the selection of a base for assigning overhead costs.

Analyze the effects of actual overhead and labor hours differing from estimated amounts on the application of manufacturing overhead.

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Definitions:

Carbonate Rock

A rock composed mostly of carbonate minerals, especially calcite and dolomite.

Dolostone

A rock composed mostly of the mineral dolomite.

Limestone

A sedimentary rock composed mainly of calcium carbonate, often formed from the shells of marine life.

Carbonate Rocks

Sedimentary rocks composed primarily of carbonate minerals, such as limestone and dolomite, often formed from the accumulation of marine organisms' shells.