Practice Data Science for Business and Decision-Making - 18 | 18. Data Science for Business and Decision- Making | Data Science Advance
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is business decision-making?

πŸ’‘ Hint: Think about how businesses choose strategies.

Question 2

Easy

What does data preprocessing involve?

πŸ’‘ Hint: Consider the steps before analyzing data.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is a key benefit of using data science in decision-making?

  • Increased guesswork
  • Evidence-based decisions
  • Use of intuition

πŸ’‘ Hint: Think about the nature of decisions backed by data.

Question 2

True or False: Data preprocessing is an optional step in data-driven decision-making.

  • True
  • False

πŸ’‘ Hint: Consider the steps involved before analysis.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A retail company is facing high customer churn rates. Develop a data-driven strategy using analytics to predict and mitigate this issue.

πŸ’‘ Hint: What elements of data science can help you analyze customer behavior?

Question 2

How might a fraud detection system leverage anomaly detection techniques? Create an example scenario.

πŸ’‘ Hint: Consider how unusual spending patterns could trigger alerts.

Challenge and get performance evaluation