Question
Which of the following best describes quantitative data
in a business analysis context?Solution
Quantitative data refers to numerical information that can be quantified and is ideal for statistical analysis, providing measurable evidence. In business analysis, quantitative data might include sales figures, revenue, cost metrics, and customer counts. This type of data allows analysts to apply mathematical models to draw insights and forecasts, making it crucial for evidence-based decision-making. In contrast, qualitative data focuses more on opinions and attitudes, which are less suited to statistical models. Option A is incorrect as it describes qualitative data, which captures subjective opinions. Option C is incorrect as consumer emotions and satisfaction are aspects of qualitative data. Option D is incorrect because non-numerical data typically align with qualitative, not quantitative data. Option E is incorrect as qualitative data is often gathered through text forms like surveys, but quantitative data is measured in numbers.
The 'thrashing' in an operating system is related to:
What is context switching?
If every non-key attribute is functionally dependent on the primary key, the relation will be in
What is a page fault?
Which join should be used when you want to list all customers and any orders they may have placed, including customers who haven’t placed any orders?
A relation is in 2NF if:
Which system call is used to create a new process in UNIX/Linux?
Which of the following illustrates an advantage of DBMS over traditional file systems?
Which of the following matches the definition given below: It is an artificial key that aims to uniquely identify each record.
Which stage involves evaluating the project's practicality, cost, and resources before proceeding further?