D468 Discovering Data - Set 1 - Part 1

Correct Answer: Share

The Share phase focuses on presenting findings to stakeholders through reports, presentations, or data visualizations. This phase involves selecting appropriate mediums and deciding which data to present.

Correct Answer: Ask

The Ask phase is where the problem is defined, and questions are asked to clarify the business challenge and the objective of the data analysis.

Correct Answer: Putting insights into action

The Act phase is where insights are put into practice, implementing strategies or solutions to the problem identified in the Ask phase.

Correct Answer: Customer feedback on service

Qualitative data refers to descriptive information that cannot be measured numerically, such as customer feedback, while the other options represent quantitative data.

Correct Answer: Manage

The Manage phase ensures the proper care and storage of data, safeguarding it and making sure it is maintained properly.

Correct Answer: Process

The Process phase involves cleaning, organizing, and transforming the data to ensure it is accurate and ready for analysis.

Correct Answer: Specific, Measurable, Achievable, Relevant, Time-bound

SMART is a framework used to create effective goals, ensuring they are well-defined and have clear criteria for success.

Correct Answer: How can we improve customer service next quarter?

Action-oriented questions focus on generating change or taking action, rather than just gathering information.

Correct Answer: Line graph

Line graphs are commonly used to display trends over time, making it easier to see patterns or changes across a continuous timeline.

Correct Answer: Increase sales by 10% over the next quarter

A measurable goal includes specific criteria, such as a percentage increase, that can be tracked to measure success.

Correct Answer: To define the problem

The Ask phase involves identifying the problem or business challenge to be solved through data analysis.

Correct Answer: Process

The Process phase is where data is cleaned and organized, ensuring that the information is accurate and ready for analysis.

Correct Answer: It interacts with various elements to manage and analyze data

A data ecosystem includes various components that work together to store, manage, and analyze data effectively.

Correct Answer: Reduce costs by 5% by the end of the year

A time-bound goal specifies a deadline by which the goal must be achieved, such as reducing costs by a specific date.

Correct Answer: Quantitative

Quantitative data, such as numbers and measurements, is ideal for dashboards that track live metrics and performance indicators.

Correct Answer: Pivot table

A pivot table is a data summarization tool used in Excel that allows for grouping and calculating values in a user-friendly way.

Correct Answer: Collecting and storing data

In the Prepare phase, analysts gather the data they need from various sources and ensure it is accurate before moving on to analysis.

Correct Answer: It visualizes and centralizes data for easy analysis

Dashboards offer benefits like real-time visualization and centralization of data, allowing stakeholders to make informed decisions.

Correct Answer: Finding patterns

Finding patterns involves analyzing historical data to uncover trends and predict future occurrences.

Correct Answer: Dashboard

Dashboards present data visually, often in graphs or charts, to simplify complex data for stakeholders.