BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

IIBA Exam CBDA Topic 3 Question 22 Discussion

Actual exam question for IIBA's CBDA exam
Question #: 22
Topic #: 3
[All CBDA Questions]

An organization has a customer database of 3000 customers and has accumulated 5 years of sales dat

a. They want to make decisions about which products to retire and which to continue to offer. Management has turned to the analytics team to analyze the data and provide recommendations. The analytics team develops a survey to send to randomly selected customers. This is an example of:

Show Suggested Answer Hide Answer
Suggested Answer: D

Data sampling is the process of selecting a subset of data from a larger population to represent the characteristics of the whole population. Data sampling is often used when the population is too large or costly to collect data from every individual. Data sampling can help reduce the time, cost, and complexity of data analysis, while maintaining the validity and reliability of the results. Data sampling can also help avoid biases and errors that may arise from collecting data from the entire population. Data sampling can be done using various methods, such as random sampling, stratified sampling, cluster sampling, or convenience sampling, depending on the research objectives and the availability of data. In this example, the analytics team develops a survey to send to randomly selected customers, which is a form of data sampling. The survey aims to collect data from a representative sample of customers that can reflect the preferences and opinions of the entire customer population. The survey data can then be used to analyze the performance and demand of different products, and provide recommendations to management.Reference:

[Business Data Analytics: A Practitioner's Guide], Chapter 4: Data Analysis, Section 4.2: Data Sampling, pp. 69-72.

[A Guide to the Business Analysis Body of Knowledge (BABOK Guide)], Version 3, Chapter 6: Solution Evaluation, Section 6.2: Analyze Performance Measures, pp. 152-153.


Contribute your Thoughts:

Delisa
1 months ago
Ha, I bet the analytics team is wishing they had a magic 'Retire Underperforming Products' button instead of having to wade through all that data. But D) Data Sampling is the way to go here.
upvoted 0 times
...
Alecia
1 months ago
This one's tricky, but I think A) Data Wrangling is the right answer. Cleaning up and organizing that sales data must've been a nightmare before they could even start analyzing it.
upvoted 0 times
Lauran
7 days ago
I see your point, but I still think D) Data Sampling makes more sense in this scenario. They need a representative sample of customers.
upvoted 0 times
...
Lore
8 days ago
Actually, I believe it's A) Data Wrangling too. Cleaning and organizing the data is crucial for accurate analysis.
upvoted 0 times
...
Shaniqua
11 days ago
I think it might be D) Data Sampling. They need to select a random sample of customers to survey.
upvoted 0 times
...
Carli
17 days ago
I agree, A) Data Wrangling is definitely the right answer. It's all about preparing the data for analysis.
upvoted 0 times
...
...
Eura
2 months ago
I'm not sure, but I think Data Wrangling is also important for cleaning and preparing the data before sampling.
upvoted 0 times
...
Earleen
2 months ago
I agree with Erinn. Data Sampling makes sense for selecting a random sample of customers to survey.
upvoted 0 times
...
Loreen
2 months ago
I'm going with B) Data Manipulation. They're taking the raw sales data and shaping it to make strategic decisions. Gotta love when analytics can make a business more efficient.
upvoted 0 times
Kenny
16 days ago
I see your point, but I still think B) Data Manipulation is the best fit here. It's all about shaping the raw data to drive strategic decisions.
upvoted 0 times
...
Sherita
17 days ago
I think D) Data Sampling might also be a good option. By sending surveys to randomly selected customers, they are sampling the data to make decisions.
upvoted 0 times
...
Nieves
1 months ago
Definitely, B) Data Manipulation is key in this situation. It's great to see analytics being used to improve business efficiency.
upvoted 0 times
...
Geraldine
1 months ago
I agree, B) Data Manipulation seems like the right choice here. It's all about shaping the data to make informed decisions.
upvoted 0 times
...
...
Teddy
2 months ago
Definitely D) Data Sampling. They're surveying a random selection of customers, not the entire database. Smart move to avoid the hassle of analyzing all 3000 records.
upvoted 0 times
Gearldine
2 months ago
Data Sampling makes sense in this scenario. It allows for a representative sample without having to go through all 3000 records.
upvoted 0 times
...
Keshia
2 months ago
I agree, D) Data Sampling is the correct choice. It's a more efficient way to analyze the data.
upvoted 0 times
...
...
Erinn
2 months ago
I think the answer is D) Data Sampling.
upvoted 0 times
...

Save Cancel