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The role of a data analyst is to transform raw data into actionable insights that help drive business strategies. While data analysts often perform data collection and cleaning, their primary responsibility is to analyze the data and interpret the findings to support decision-making. By aligning the analysis with organizational goals, they help stakeholders make informed decisions to improve performance and achieve business objectives. This can include creating reports, dashboards, and data visualizations to effectively communicate insights. Why Other Options Are Wrong : A) Incorrect : Data analysts do more than just gather data and prepare reports. Their role involves understanding the data, identifying trends, and interpreting insights that guide decision-making. C) Incorrect : While data collection and cleaning are crucial, they are just part of the data analysis process. The core responsibility lies in interpreting and applying data to business challenges. D) Incorrect : Building predictive models is more of a data scientist's role. Data analysts focus on understanding past and current data to help businesses make decisions, rather than building complex predictive models. E) Incorrect : Developing machine learning algorithms for real-time data processing is typically within the domain of data scientists or engineers, not data analysts.
A certain amount earns simple interest of Rs. 1600 after 4 years. Had the interest been 6% more, how much more interest would it have earned?
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The interest earned on investing Rs. 9000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is la...
David takes a loan of Rs. 20000 from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes...
The interest received by investing Rs. 4500 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest ...
Rs. 28000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 40 less than the i...
A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 990. What is 120% of the sum invested?
A person invest some amount in a business into 2 parts. If he invest 1st part at 8% for 3 years and 2nd part invest at 7(1/2)% p.a. for 4 years. Total S...
If the difference between C.I. and S.I. is Rs. 512 at 20% rate of interest in 3 years, then find the principal on C.I.?