Business Statistics Quiz

Question 1 of 5

⏱️ Time: 01:00

How is AI transforming predictive analytics in business statistics?

By reducing data accuracy

By automating data collection only

By improving real-time forecasting with advanced algorithms

By eliminating the need for human analysts

What is a key challenge of using big data in business statistics?

Too few data sources

Data privacy and ethical concerns

Limited computational power

Decreasing demand for analytics

Why are Bayesian methods gaining popularity in business decision-making?

They ignore prior data

They provide static results

They update probabilities dynamically with new data

They are simpler than traditional statistics

What does "Explainable AI" aim to solve in business analytics?

Making AI models more transparent/interpretable

Speeding up data processing

Reducing data storage costs

Replacing human judgment entirely

Which technique helps anonymize data in business statistics?

Data falsification

Differential privacy

Data aggregation only

Ignoring privacy laws

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