In: Operations Management
true or false
7) A challenge with all of the data sources available today is that so much data is now available, it requires people with the knowledge to properly synthesize and analyze the correct data, or else the models produced will not properly answer the question trying to be asked. True: _____ False: _____
8) The Emergency Locator Transmitter activates and sends out a
pinging signal making it easier to find wreckage in the case of an
accident. However, there are still limitations in the technology as
the battery typically only is designed to last a few days at best.
True: _____ False: _____
9) Despite ICAO embracing a liberalization of skies, in Doc 9626, the organization still hesitates to promote the idea of a “flag of convenience” the same way they are used in the shipping and cruise industries “in order to ensure an orderly economic regulatory regime.” True: _____ False: _____
10) The FAA has lost the battle over control of Commercial Space policy because of the new creation of the United States Space Force. True: _____ False: _____
The answer to the first question:
Question 7. A challenge with all of the data sources available today is that so much data is now available, it requires people with the knowledge to properly synthesize and analyze the correct data, or else the models produced will not properly answer the question trying to be asked. -
Answer- TRUE
Explanation: This statement is TRUE. Let us understand the factors on which the accuracy and reliability of models depend. There are two important factors which decide on the performance of the model in order to answer the questions it was designed to answer. The first factor is a selection of the model in the context of the question we are trying to answer and the second factor is the selection of right source and right quality of data to be used for the development of the model and training of the model to perform its required task. There is a lot of reliability on the accuracy of the models to make a better business decision. If the data is not properly synthesized or the data which are critical for the performance of the model are not analyzed well the model can give unreliable answers to the business questions. An accurate model should be able to give an accurate output which is helpful to the decision making for better performance of the organization. The Model can only be accurate if the selection and analysis of the data are correct. The selection of data and analysis of data depends a lot on the person who is doing the data analysis work, that is where the experience of the person matters and the person must be able to understand the business context as well as building the model.