Practice Step 1: Define the Business Problem - 18.3.1 | 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 does it mean to define a business problem?

πŸ’‘ Hint: Consider what issues the company is facing.

Question 2

Easy

Name one element that is necessary for success criteria.

πŸ’‘ Hint: Think about how you would assess success.

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 the first step in the data-driven decision-making process?

  • Data Collection
  • Define Business Problem
  • Model Building

πŸ’‘ Hint: Consider what clarity is needed before analyzing data.

Question 2

True or False: Success criteria should be vague and open to interpretation.

  • True
  • False

πŸ’‘ Hint: Think about the purpose of setting criteria.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

For a company facing declining market share, outline a clear business problem and set appropriate success criteria.

πŸ’‘ Hint: Identify specific metrics that demonstrate improvement.

Question 2

You are tasked with improving an online retail store’s customer satisfaction. How would you define the business problem and create a success criterion?

πŸ’‘ Hint: Connect the scores back to sales to show relevance.

Challenge and get performance evaluation