Basic_Data_Analytics_Questions
Basic_Data_Analytics_Questions
Answer: The process of examining datasets to draw conclusions about the information they contain.
Answer: Data: Raw facts and figures. Information: Processed data with context and meaning.
4. What is a dataset?
Answer: Qualitative: Descriptive (e.g., colors, names). Quantitative: Numeric (e.g., height, age).
Answer: Mean: Average. Median: Middle value. Mode: Most frequent value.
Answer: A tool in Excel and data tools to summarize and analyze data.
Answer: Using a subset of data to analyze and draw conclusions about the whole dataset.
Answer: A measurable value that indicates how effectively a company is achieving key objectives.
Answer: To support decision-making, identify trends, solve problems, and improve efficiency.