Quiz on Quantitative Techniques

Quiz on Quantitative Techniques

12th Grade

20 Qs

quiz-placeholder

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Quiz on Quantitative Techniques

Quiz on Quantitative Techniques

Assessment

Quiz

Other

12th Grade

Hard

Created by

Thandokazi Mzimkulu

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of data analytics in management?

To support management decision-making

To analyze employee performance

To generate random variables

To collect raw data

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a management decision that data analytics can assist with?

Choosing a company logo

Selecting a marketing strategy

Determining employee work hours

Deciding on product pricing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of information is essential for sound business decisions?

Anecdotal evidence

High-quality, evidence-based information

Personal opinions

Outdated statistics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is raw data?

Summarized data

Processed information

Data that has been analyzed

Unprocessed data from various sources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of statistics in management?

To collect data

To analyze and present data for decision-making

To create marketing strategies

To manage human resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statistical method is used to generalize sample findings to a broader population?

Statistical modeling

Data collection

Inferential statistics

Descriptive statistics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a random variable?

A type of statistical model

An attribute of interest on which data is collected

A fixed value

A method of data analysis

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