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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.
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What will be the percentage profit after selling an article at a certain price if there is a loss of 30% if the article is sold at 1/4th of t...
Roshan purchased 100 rolls of paper for Rs. 32 per roll. He spent Rs. 450 on their transportation. He also paid 20 paise per roll for packing of each ro...
The cost price of 6 chocolates and 4 biscuits amounts to Rs. 6,960. Additionally, the cost price of 5 chocolates and 7 biscuits totals Rs. 8,880. Each c...
Anaya sold a watch to Kirti with a 24% markup, and Kirti then sold the watch to Bhavya at a 12% markup. If Bhavya purchased the watch for Rs. 694.4, det...
The selling price of 15 oranges is equal to the cost price of 12 oranges. Find the loss percent.
Labelled price of an article is 60% more than the CP of the article. When it is solid at x% discount then _______% percent profit is obtained and when ...
A shopkeeper bought article ‘A’ for Rs. ‘x’ and marked it 25% above its cost price and sold it for Rs. 2600. Marked price of article ‘B’ is ...