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Business Analytics 251- Introduction to Concepts of Business Analytics Actual Exam Quest, Exams of Business Economics

University of Pennsylvania (UPenn)Business Economics

Business Analytics 251- Introduction to Concepts of Business Analytics Actual Exam Questions and Correct Answers 2025

Typology: Exams

2024/2025

Available from 07/12/2025

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Business Analytics 251- Introduction to
Concepts of Business Analytics Actual
Exam Questions and Correct Answers
2025
1) Statistics is the mathematical science that deals
with the collection, analysis, and presentation of
data-data that can then be used as a basis for
inference and induction. - ✔ANASWER✔-TRUE
2) Business Analytics are statistics applied to the
business world in an effort to improve people's
decision making in fields such as marketing
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Business Analytics 251- Introduction to

Concepts of Business Analytics Actual

Exam Questions and Correct Answers

  1. Statistics is the mathematical science that deals with the collection, analysis, and presentation of data-data that can then be used as a basis for inference and induction. - ✔ANASWER✔-TRUE
  2. Business Analytics are statistics applied to the business world in an effort to improve people's decision making in fields such as marketing

research, operations, finance, and advertising. - ✔ANASWER✔-TRUE

  1. Information is the basic foundation for the field of statistics and can be defined as the value assigned to a specific observation or measurement.
  • ✔ANASWER✔-FALSE
  1. One of the major reasons to use statistics is to transform data into information. - ✔ANASWER✔- TRUE
  2. Primary data is data collected by the person or organization that eventually uses the data. - ✔ANASWER✔-TRUE
  3. Asking customers at the shopping mall about their voting intentions in the upcoming political

respondent to a particular answer. - ✔ANASWER✔- TRUE

  1. A restaurant manager randomly selects tables at which customers have just been seated and records the amount of time it takes for the wait staff to greet these customers. This is an example of an experiment being used to collect data. - ✔ANASWER✔-FALSE
  2. A manager of an electronics store would like to investigate the impact that price has on the demand for laptop computers. Each week, the price of a Dell laptop is adjusted and the demand for each week is recorded. This is an example of an experiment being used to collect data. - ✔ANASWER✔-TRUE
  3. To help ensure good questionnaire design, it is recommended that a survey is tested on a small

group of respondents before releasing it to the actual participants. - ✔ANASWER✔-TRUE

  1. Education level is an example of nominal data. - ✔ANASWER✔-TRUE
  2. The interval measurement level is considered quantitative data. - ✔ANASWER✔-TRUE
  3. The number of pages in your business statistics textbook is an example of quantitative data. - ✔ANASWER✔-TRUE
  4. Your cell phone number is an example of quantitative data. - ✔ANASWER✔-FALSE
  5. A respondent to a survey indicates that she drives a Ford Taurus. This is an example of qualitative data. - ✔ANASWER✔-TRUE
  1. Deciding that a process that fills bottles with soda is functioning properly by checking the weights for a sample of bottles is an example of inferential statistics. - ✔ANASWER✔-TRUE
  2. Calculating the average time callers wait on the phone for technical support is an example of inferential statistics. - ✔ANASWER✔-FALSE
  3. Determining the proportion of customers who have credit scores greater than 700 is an example of descriptive statistics. - ✔ANASWER✔-TRUE
  4. Statistics can be misused by making differences seem greater or lesser by adjusting the scale on graphs. - ✔ANASWER✔-TRUE
  1. Collecting data about the number of television viewers for the Summer Olympics is an example of using statistics in the field of ________. A) human resources B) advertising C) operations D) finance - ✔ANASWER✔-Answer: B
  2. Using income data to determine the credit worthiness of a consumer who wishes to purchase a new car is an example of using statistics in the field of ________. A) marketing research B) advertising C) operations D) finance - ✔ANASWER✔-Answer: D
  1. ________ is (are) derived from facts for the purpose of making decisions. A) Data B) Information C) Statistics D) Samples - ✔ANASWER✔-Answer: B
  2. A method of gathering data when subjects are exposed to certain treatments and the data of interest is recorded is known as ____________. A) direct observation B) focus groups C) experiments D) surveys - ✔ANASWER✔-Answer: C
  3. A method of gathering data when people are asked a series of questions that can be

administered by e-mail, via the Web, face-to-face or over the telephone, is known as _________. A) direct observation B) focus groups C) experiments D) surveys - ✔ANASWER✔-Answer: D

  1. A method of gathering data while the subjects of interest are in their natural environment, often unaware they are being watched, is known as ____________. A) direct observation B) focus groups C) experiments D) surveys - ✔ANASWER✔-Answer: A
  2. A method of gathering data when individuals are paid to discuss their attitudes towards products
  1. A Bank of America employee records the amount of time that customers spend using the ATM machine at her branch. This method of gathering data is known as _______________. A) direct observation B) focus groups C) experiments D) surveys - ✔ANASWER✔-Answer: A
  2. The manager at the local Ruby Tuesday's restaurant wanted to investigate the effect of music on the average revenue per customer. Each night for one month, fast-paced music was played. The following month, slow-paced music was played every night. The average revenue per customer for each month was compared. This method of gathering data is known as __________. A) direct observation B) focus groups

C) experiments D) surveys - ✔ANASWER✔-Answer: C

  1. A marketing manager for a textbook publisher meets with a group of several students who are paid to discuss what they like and dislike about their textbooks. This method of gathering data is known as _____________. A) direct observation B) focus groups C) experiments D) surveys - ✔ANASWER✔-Answer: B
  2. ________ data use numerical values to describe something of interest either by measuring it or counting it. A) Primary B) Secondary
  1. Which of the following is an example of qualitative data? A) today's high temperature B) the class average of your last statistics exam C) the amount of time that you studied for your last statistics exam D) your last name - ✔ANASWER✔-Answer: D
  2. Which levels of measurement are considered quantitative data? A) interval and ratio B) nominal and interval C) nominal and ratio D) nominal and ordinal - ✔ANASWER✔-Answer: A
  3. A respondent of a survey indicates that he is a resident in the state of Ohio. This is an example of _________ data.

A) nominal B) ordinal C) interval D) ratio - ✔ANASWER✔-Answer: A

  1. In a Major League Baseball game today, the Philadelphia Phillies scored six runs against the New York Mets. This is an example of _________ data. A) nominal B) ordinal C) interval D) ratio - ✔ANASWER✔-Answer: D
  2. A respondent of a survey indicates that she is currently in her junior year at the University of Texas. This is an example of _________ data. A) nominal B) ordinal
  1. ________data are values that correspond to specific measurements taken over a range of time periods. A) Cross-sectional B) Ordinal C) Time series D) Ratio - ✔ANASWER✔-Answer: C
  2. ________ data are values collected from a number of subjects (firms, individual, states, regions, and so forth) during a single time period. A) Cross-sectional B) Ordinal C) Time series D) Ratio - ✔ANASWER✔-Answer: A
  1. The following table shows the number of bagels sold at the Avalon Coffee and Bagel over the past seven days. Day Number Sold Monday 69 Tuesday 63 Wednesday 88 Thursday 74 Friday 120 Saturday 197 Sunday 226 Which of the following data types best describe these values? A) cross-sectional B) nominal C) time series