Analytical Aptitude (Competencies)

Question 1

Validity

Answer 1

Extent to which a measurement instrument measures what it is intended to measure

Question 2

Weighted mean

Answer 2

Average of data that adds factors to reflect the importance of different values

used when some data in the dataset have a more significant effect than other data.

Question 3

Trend analysis

Answer 3

Statistical method that examines data from different points in time to determine if a variance is an isolated event or if it is part of a longer trend.

Used to forecast future conditions. An important tool in discovering recurring peaks or troughs in an activity

Question 4

Qualitative data

Answer 4

Subjective evaluation of actions, feelings, or behaviors

Question 5

Ratio analysis

Answer 5

Comparing the size of two variables to produce an index or percentage, is commonly used to analyze financial statements.

Question 6

Quantitative data

Answer 6

Objective measurements that can be verified and used in statistical analysis

Question 7

Mode

Answer 7

Value that occurs most frequently in a set of data

Question 8

Median

Answer 8

Middle value in a range of values

Question 9

Nominal group technique

Answer 9

Technique in which participants each suggest ideas through a series of rounds and then discuss the items, eliminate redundancies and irrelevancies, and agree on the importance of the remaining items.

Question 10

Mean

Answer 10

Average score or value

Question 11

Mind mapping

Answer 11

Data-sourcing technique in which group members add related ideas and indicate connections, eventually grouping similar ideas

Question 12

Standard deviation

Answer 12

distance of any data point from the center of distribution when data is distributed in a normal or expected pattern

Question 13

Regressional analysis

Answer 13

Statistical method used to determine whether a relationship exists between variables and the strength of the relationship

Question 14

Root-cause analysis

Answer 14

Type of analysis that starts with a result and then works backwards to identify fundamental cause

Question 15

Reliability

Answer 15

The extent to which a measurement instrumental provides consistent results.

Question 16

Scenario/what if analysis

Answer 16

statistical method used to test the possible effects of altering the details of a strategy to see if the likely outcomes can be improved.

Question 17

Variance analysis

Answer 17

Statistical method for identifying the degree of difference between planned and actual performance or outcomes

Question 18

Focus group

Answer 18

Small group of invited persons who actively participated in a structured discussion, led by a facilitator for the purpose of eliciting their input.

Question 19

Delphi technique

Answer 19

Technique that progressively collects information from a group of anonymous respondents

Question 20

Affinity diagramming

Answer 20

Data sourcing technique in which a group categorizes and subcategorize until relationships are clearly drawn