Business Analyst
Business Analyst
Business Analyst
Question 1
Correct
Decision variables:
a. none
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Question 2
Correct
When data are classified by the type of measurement scale, which is the strongest form of measurement?
a. norminal
b. ordinal
c. none
d. interval
e. ratio
Question 3
Correct
If D is demand, P is the unit price, and c and d are constants (where d > 0 is the price
elasticity), which of the following is a nonlinear demand prediction model?
a. D = cP −d
b. D = d + (c × P )
c. D = cd × P
d. none
e. D = (d × P )c
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Question 4
Incorrect
d. none
Question 5
Correct
The manager at Soul Walk Inc., a shoe manufacturing company, wants to set a new price (P) for a shoe model to
maximize total profit. The demand (D) as a function of price is represented as: D = 1, 500 − 2.5P
a. 2
(1, 508.75 × price) − (2.5 × price ) − 8, 450
b. none
c. 2
(1, 250 × price) + (5 × price ) − 8, 320
e. 2
(3.5 × price ) + 3, 200 − (1925.50 × price)
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Question 6
Correct
The demand for coffee beans over a period of three months has been represented in the form of an L-shaped
curve. Which form of model was used here?
a. mathematical model
b. verbal model
c. visual model
d. none
Question 7
Correct
e. none
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Question 8
Correct
Which of the following allow meaningful comparison of ranges, averages and other
statistics?
a. interval data
b. ratio data
c. ordinal data
d. None
e. categorical data
Question 9
Correct
What is a database?
c. None
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Question 10
Correct
a. prescriptive
b. descriptive
c. none
d. normative
e. predictive
Question 11
Correct
Trace the process of copying and pasting a cell, which has a formula in it, such that the formula is not retained in
the pasted cell.
e. none
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Question 12
Incorrect
Which of the following functions is a logical function that returns TRUE if any condition is true and FALSE if not?
a. none
Question 13
Incorrect
d. none
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Question 14
Correct
Which of the following is a difference between relative addressing and absolute addressing when using cell
formulas in Excel?
a. A relative address uses only the column label in the cell reference; an absolute address uses
the row.
b. A relative address uses just the row and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
c. none
d. A relative address uses a dollar sign before either the row or column label; an absolute
address uses the ampersand symbol before either the row or column label.
e. A relative address uses a dollar sign before either the row or column label; an absolute
address uses just the row and column label in the cell reference.
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Question 15
Correct
To find the largest quantity of items ordered from Rex Technologies, what Excel formula should be used in A12?
a. =SUM(D4:D7)
b. none
c. =COUNT(D4:D7)
d. =COUNTIF(D4:D10)
e. =MAX(D4:D7)
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Question 16
Correct
Observations consisting of pairs of variable data are required to construct a ________ chart.
a. none
b. radar
c. doughnut
d. line
e. scatter
Question 17
Correct
Which of the following relies on sorting data and calculating the cumulative percentage of the characteristic of
interest?
a. Anscombe's quartet
b. Bland-Altman plot
c. Randolph diagram
d. none
e. Pareto analysis
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Question 18
Correct
Which of the following charts allows plotting of multiple dimensions of several data series?
a. none
b. Bubble chart
c. Area chart
d. Doughnut chart
e. Radar chart
Question 19
Correct
Roger wants to compare values across categories using vertical rectangles. Which of the
following charts must Roger use?
a. none
d. Pie chart
e. Line chart
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Question 20
Correct
Howard has screened some employee details out of the employee database for tax computation purposes. In
order to restore the original data file, Howard must:
b. none
Question 21
Correct
b. none
c. capability pattern
e. capability push
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Question 22
Correct
a. none
Question 23
Correct
Calculate the mean cost per order using the table below:
a. $220.54
b. none
c. $88
d. $174.70
e. $159
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Question 24
Correct
In finance, the ________ is the ratio of a fund's excess returns (annualized total returns minus Treasury bill
returns) to its standard deviation.
a. none
b. field ratio
c. Sortino ratio
d. Sharpe ratio
e. Calmar ratio
Question 25
Correct
a. entropy rate
b. Markov chain
c. Sharpe ratio
d. kurtosis
e. none
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Question 26
Correct
b. If the CS value is between -0.5 and -1, the skewness is considered negligible.
e. none
Question 27
Correct
a. a linear relationship exists for which one variable increases as the other also increases
b. a linear relationship exists for one variable that increases while the other decreases
c. that the two variables have no linear relationship with each other
e. none
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Question 28
Correct
________ is a measure of the linear relationship between two variables, X and Y, which does not depend on the
units of measurement.
a. Correlation
b. Skewness
c. none
d. Proportion
e. Kurtosis
Question 29
Correct
a. none
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Question 30
Correct
c. none
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