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Last Updated: Aug 09, 2026
No. of Questions: 125 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Data-Driven Decision Making | 20% | - Types of analytics: descriptive, predictive, prescriptive - Ethics, privacy, and data governance - Role of data in business decisions |
| Topic 2: Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis |
| Topic 3: Probability & Statistical Inference | 20% | - Hypothesis testing, p-values, confidence intervals - Probability rules, distributions, expected value - Correlation vs. causation |
| Topic 4: Statistical Concepts & Descriptive Analytics | 25% | - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods - Measures of central tendency, dispersion, distribution |
| Topic 5: Decision Models & Prescriptive Analytics | 15% | - Optimization, sensitivity analysis - Decision trees, payoff matrices, expected value - Quality & process improvement tools |
1. A student with a degree is presumed to already have a bachelor's degree. Which type of data does this represent?
A) Ratio data
B) Interval data
C) Nominal data
D) Ordinal data
2. A hospital hires a third-party company to train its surgery team on the latest techniques and assess the team's current procedures in the operating room.
Which results-based management (RBM) stage is represented in this scenario?
A) Output
B) Activities
C) Outcome
D) Input
3. Which type of analysis determines whether there was a significant difference in the average donor solicitation amount between three nonprofit hospital events?
A) ANOVA
B) Time series
C) Cluster
D) Logistic regression
4. What is a disadvantage of using a balanced scorecard?
A) It does not link operations with company strategy.
B) It requires time and effort to develop a meaningful template.
C) It does not include a mix of financial and nonfinancial performance measures.
D) It is expensive to implement effectively within an organization's operations.
5. What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.
A) They often follow SMART criteria.
B) They require little to no ongoing maintenance.
C) They are flexible and easily changed.
D) They can be used as a tool for internal benchmarking.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A,D |
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