Certificate in Business Data Analytics (CBDA) — Question 5

The analytics team is assessing the results of their analysis. They are surprised to find that their data indicates two events seem to be strongly related even though the general belief in the organization is that they are independent of each other. Knowing that this information will be used for decision making, they are concerned about presenting this data.
At an impasse, the business analysis professional reminds them that the data can be presented as long as the team has:

Answer options

• A. Followed all rules for data analysis endorsed as organizational standards so the risk of acting on this is low
• B. Review the results with management ahead of time and highlight any potential risk of using this data
• C. The ability to rerun the data analysis and the results are the same thereby minimizing the risk of acting on this
• D. Confidence that the correlation will reliably occur in the future and the risk of acting on this is low

Correct answer: C

Explanation

The correct answer is C because having the ability to rerun the analysis and achieve the same outcomes confirms the reliability of the data, which is crucial for informed decision-making. Options A and B involve compliance and pre-emptive discussions but do not ensure the data's reliability. Option D focuses on future predictions rather than current evidence from the analysis.