When the online shore store Zappos collects information on the average dollar amount a customer spends in a single transaction, it is using descriptive analytics.
Answer the following statement true (T) or false (F)
True
An approach using descriptive analytics utilizes data to provide summary insights. Customers who are members of a company's loyalty program, such as that of the online shoe and clothing shop Zappos, constitute a rich data source for use in descriptive analytics.
You might also like to view...
Which of the following is an example of revenue?
A. Cash received from the sale of land for its original selling price B. Cash received from investors from the sale of common stock C. Cash received from customers at the time services were provided D. Cash received as a result of a bank loan
Discuss the ethical implications of a OD consultant seeing perpetuation of a client’s ignorance as advantageous.
What will be an ideal response?
Understanding computers and digital technologies can help you achieve your personal and professional goals.
Answer the following statement true (T) or false (F)
A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average
a. State the hypotheses associated with the researcher's test. b. Describe a Type I error for this situation. c. Describe a Type II error for this situation.