Chapter 5 ACCT 441

If p-value < = alpha threshold, you should

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

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

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

Which type of question does diagnostic analytics address?

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

Method to quantitatively analyze the relationship between multiple variables

Which type of question does predictive analytics address?

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

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

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

Which tool is generally associated with prescriptive analytics?

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

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

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

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

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

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

A characteristics of a population

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

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

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

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

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

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

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

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

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

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

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

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