Question

Analytics is ______________. Question 3 options: a) The use of math and statistics to derive meaning from data. b) The use of pictures and diagrams to visualize patterns and trends. c) The use of schemas to normalize data tables. d) The extraction of information from internal and external sources into a common database.

Answer 1

Answer:

The right option is (a). The use of math and statistics to derive meaning from data.

Explanation:

Analytics is concerned with turning raw data into insight for making better decisions. Analytics relies on the application of statistics, computer programming, and operations research in order to quantify and gain insight to the meanings of data. It is especially useful in areas which record a lot of data or information for business analyses.