18.1 - The Role of Data Science in Business
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Practice Questions
Test your understanding with targeted questions
Define business decision-making in your own words.
💡 Hint: Think about selecting the best action for the business.
What are two types of business decisions?
💡 Hint: Consider long-term vs short-term decisions.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main goal of business decision-making?
💡 Hint: Consider what decisions aim to accomplish.
True or False: Evidence-based decision-making relies on data.
💡 Hint: Think about how data influences decisions.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Consider a retail company struggling with high return rates. How can data science be used to enhance decision-making in this scenario?
💡 Hint: Think about what data might inform their decision-making.
A company wants to optimize its marketing budget across multiple channels. What steps should it take using data science methods?
💡 Hint: What types of data would be most useful in this scenario?
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