How data empowers decisions

Fill in the blank: Data-inspired decision-making explores different data sources to find _____.

A. outliers

B. problems

C. predictions

D. commonalities

Data-inspired decision-making explores different data sources to find commonalities

Qualitative and quantitative data

Fill in the blank: Quantitative data is specific and ______.

A. subjective

B. objective

C. explanatory

D. descriptive

Quantitative data is specific and objective.

Which of the following examples would be determined using qualitative data?

A. The number of commuters who take the train to work

B. The annual rainfall in Costa Rica

C. The most well-liked make and model of car in Puerto Rico

D. The frequency of hurricanes per year in Louisiana

The correct answer is C. The most well-liked make and model of car in Puerto Rico. Explain: The most well-liked make and model of car in Puerto Rico would be determined using qualitative data. Qualitative data is a subjective and explanatory measure of a quality or characteristic.

The big reveal: Sharing your findings

A dashboard would be most beneficial for which of the following scenarios?

A. A project manager needs to monitor data as it becomes available.

B. A consultant needs all historical data for an audit.

C. A cross functional team needs an ad-hoc update.

D. An analyst needs a summary of data upon request.

The correct answer is A. A project manager needs to monitor data as it becomes available. Explain: A dashboard would be useful for monitoring data as it becomes available.