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SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version$17.99
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SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version Chapter 1: Data Analytics for A...
Solutions to Multiple Choice Questions
WR WR WR WR
1. (LO 1-1) Big Data is often described by the four Vs, or
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a. volume, velocity, veracity, and variability.
WR WR WR WR
b. volume, velocity, veracity, and variety.
WR WR WR WR
c. volume, volatility, veracity, and variability.
WR WR WR WR
d. variability, velocity, veracity, and variety. WR WR WR WR
Answer: b WR
2. LO 1- WR
4) Which data approach attempts to assign each unit in a population into a small set ofclasses (or groups)
WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR W
R WR WR
where the unit best fits?
WR WR WR WR WR
a. Regression
b. Similarity matching WR
c. Co-occurrence grouping WR
d. Classification
Answer: d WR
3. (LO 1- WR
4) Which data approach attempts to identify similar individuals based on data knownabout them?
WR WR WR WR WR WR WR WR WR WR WR WR W
R WR
a. Classification
b. Regression
c. Similarity matching WR
d. Data reduction WR
Answer: c WR
4. (LO 1-4) Which data approach attempts to predict connections between two data items?
WR WR WR WR WR WR WR WR WR WR WR WR
a. Profiling
b. Classification
c. Link prediction WR
d. Regression
3
, Answer: c WR
5. (LO 1- WR
6) Which of these terms is defined as being a central repository of descriptions for all ofthe data attributes
WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR W
R WR WR WR
of the dataset?
WR WR
a. Big Data WR
b. Data warehouse WR
c. Data dictionary WR
d. Data Analytics WR
Answer: c WR
6. (LO 1-5) Which skills were not emphasized that analytic-minded accountants should have?
WR WR WR WR WR WR WR WR WR WR WR
a. Developed an analytics mindset WR WR WR
b. Data scrubbing and data preparation
WR WR WR WR
c. Classification of test approaches WR WR WR
d. Statistical data analysis competency WR WR WR
Answer: c WR
7. (LO 1-5) In which areas were skills not emphasized for analytic-minded accountants?
WR WR WR WR WR WR WR WR WR WR WR
a. Data quality WR
b. Descriptive data analysis WR WR
c. Data visualization and data reporting
WR WR WR WR
d. Data and systems analysis and design
WR WR WR WR WR
Answer: d WR
8. (LO 1-4) The IMPACT cycle includes all except the following steps:
WR WR WR WR WR WR WR WR WR WR
a. perform test plan. WR WR
b. visualize the data. WR WR
c. master the data. WR WR
d. track outcomes. WR
Answer: b WR
9. (LO 1-4) The IMPACT cycle specifically includes all except the following steps:
WR WR WR WR WR WR WR WR WR WR WR
a. data preparation.
WR
b. communicate insights. WR
c. address and refine results. WR WR WR
d. perform test plan. WR WR
4
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