Chapter 5 ACCT 441

What kind of analytics is generally used to forecast future sales, earnings, and cash flows from operating activities?

Method to quantitatively analyze the relationship between multiple variables

The probability that a population parameter will fall between two set values

If we run a regression where y(college completion rate) = f(factors chance predict y), what is the dependent variable?

To understand if and the extent to which variables are related to each other

If p-value < = alpha threshold, you should

What type of analytics would primarily use what-if analysis, scenario manager, and goal seek analysis?

Distribution defined as the mean number of events per interval of space or time

Analytics performed that characterizes, summarizes, & organizes features & properties of data to facilitate understandin

Which type of question does diagnostic analytics address?

Which tool is generally associated with prescriptive analytics?

hypothesis used in hypothesis testing thats opposite the null hypothesis, a potential result that the analyst may expect

Which distribution is a probability distribution where all outcomes are equally likely?

What kind of analytics is generally used to predict whether a company's financial statements are fraudulent?

To understand the basic statistics, including the mean, standard deviation, minimums, and maximums of the data set

A bell-shaped probability distribution that is symmetric about its mean, w/data points closer to mean more frequent

Which statistic tells us how many standard deviations, a data point (or observation), is from its population mean

What type of analytics would include Benford's law to assess whether fraud had occurred

A group of phenomena that have something in common and includes all relevant parts

Analytics performed to investigate the underlying cause that can't be answered by simply looking at the descriptive data

If we wanted to know what level of sales would be needed to break even given the current economic environment, we call

Which type of question does predictive analytics address?

A _____ t-test has more power than a _____ t-test

What type of analytics would address the question of whether a company will go bankrupt?

A characteristics of a population

What type of analytics would primarily summarize facts and compute sums, averages, counts, etc.

understand frequency of data using a display of rectangles with area proportional to the underlying frequency of data

the critical value for a one-tailed t-test at a=.05 level is 1.645, t-statistic needs to reject the null hypothesis of

assumption that hypothesized relationship doesn't exist, that there is no significant difference between 2 samples/pop

What type of analytics addresses questions of "What happen"?

The principle that in any large, randomly produced set of natural #s, there is an expected distribution the first # is 1