TEST BANK ii ii
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
7th Edition. S. Christian Albright, Wayne L. Winston
ii ii ii ii ii ii ii
Verified Chapters 1 - 19, Complete
ii ii ii ii ii ii ii
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
,Chapter 1. Introduction to Business Analytics
ii ii ii ii ii
1. The iidecision-making iithemes iicovered iiin iiBusiness iiAnalytics: iiData iiAnalysis ii& iiDecision iiMaking iiinclude iiwhich iiof
the
ii i ifollowing?
a. optimization itechniques b. iidecision iianalysis iiwith iiuncertainty
c. iistructured iisensitivity iianalysis d. iiall iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1-2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
2. Which iistatement iiis iinot iitrue?
a. Dealing iiwith iuncertainty iincludes iimeasuring iiuncertainty.
b. Dealing iiwith iiuncertainty iiincludes iimodeling iiuncertainty iiexplicitly iiinto iithe iianalysis.
c. Dealing iiwith iiuncertainty iiincludes iieliminating iiuncertainty iiby iiusing iithe iinormal iiprobability iidistribution.
d. Dealing iiwith iiuncertainty iirequires iia iibasic iiunderstanding iiof iiprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
3. What iiis iinot iione iiof iithe iiimportant iithemes iiof iiyour iiBusiness iiAnalytics: iiData iiAnalysis ii& iiDecision iiMaking iitext?
a. data iianalysis b. iidealing iiwith iiuncertainty
c. iidecision iimaking d. iidata iimining
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
4. Data iianalysis iiincludes:
a. data idescription b. iidata iiinference
c. iithe iisearch iifor iirelationships iiin iidata d. iiall iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
,OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
5. Which iiof iithe iifollowing iiis iinot iione iiof iithe iisteps iiin iithe iimodeling iiprocess?
a. Select iithe iiscale iifor iithe iimodel.
b. Collect iiand iisummarize iidata.
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
, c. Verify ithe iimodel.
d. Present iithe iiresults.
e. Implement iithe iimodel iiand iiupdate iiit iithrough iitime.
ANSWER: a
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
6. Which iiof iithe iifollowing iiwould iinot iibe iiincluded iiunder iidata iianalysis?
a. measuring iuncertainty b. iidata iidescription
c. iidata iiinference d. iisearch iifor iirelationships
ANSWER: a
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
7. The iidecision iimaking iiprocess iiincludes:
a. optimization iitechniques iifor iiproblems iiwith iino iiuncertainty
b. decision iianalysis iifor iiproblems iiwith iiuncertainty
c. sensitivity ianalysis
d. all iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
8. Which iitool iiis iian iiExc
el ii add-in iifor iiperforming iiwhat-if iianalyses?
®
ii
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
7th Edition. S. Christian Albright, Wayne L. Winston
ii ii ii ii ii ii ii
Verified Chapters 1 - 19, Complete
ii ii ii ii ii ii ii
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
,Chapter 1. Introduction to Business Analytics
ii ii ii ii ii
1. The iidecision-making iithemes iicovered iiin iiBusiness iiAnalytics: iiData iiAnalysis ii& iiDecision iiMaking iiinclude iiwhich iiof
the
ii i ifollowing?
a. optimization itechniques b. iidecision iianalysis iiwith iiuncertainty
c. iistructured iisensitivity iianalysis d. iiall iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1-2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
2. Which iistatement iiis iinot iitrue?
a. Dealing iiwith iuncertainty iincludes iimeasuring iiuncertainty.
b. Dealing iiwith iiuncertainty iiincludes iimodeling iiuncertainty iiexplicitly iiinto iithe iianalysis.
c. Dealing iiwith iiuncertainty iiincludes iieliminating iiuncertainty iiby iiusing iithe iinormal iiprobability iidistribution.
d. Dealing iiwith iiuncertainty iirequires iia iibasic iiunderstanding iiof iiprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
3. What iiis iinot iione iiof iithe iiimportant iithemes iiof iiyour iiBusiness iiAnalytics: iiData iiAnalysis ii& iiDecision iiMaking iitext?
a. data iianalysis b. iidealing iiwith iiuncertainty
c. iidecision iimaking d. iidata iimining
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
4. Data iianalysis iiincludes:
a. data idescription b. iidata iiinference
c. iithe iisearch iifor iirelationships iiin iidata d. iiall iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
,OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
5. Which iiof iithe iifollowing iiis iinot iione iiof iithe iisteps iiin iithe iimodeling iiprocess?
a. Select iithe iiscale iifor iithe iimodel.
b. Collect iiand iisummarize iidata.
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
, c. Verify ithe iimodel.
d. Present iithe iiresults.
e. Implement iithe iimodel iiand iiupdate iiit iithrough iitime.
ANSWER: a
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
6. Which iiof iithe iifollowing iiwould iinot iibe iiincluded iiunder iidata iianalysis?
a. measuring iuncertainty b. iidata iidescription
c. iidata iiinference d. iisearch iifor iirelationships
ANSWER: a
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
7. The iidecision iimaking iiprocess iiincludes:
a. optimization iitechniques iifor iiproblems iiwith iino iiuncertainty
b. decision iianalysis iifor iiproblems iiwith iiuncertainty
c. sensitivity ianalysis
d. all iiof iithese iichoices
ANSWER: d
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiKnowledge
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
8. Which iitool iiis iian iiExc
el ii add-in iifor iiperforming iiwhat-if iianalyses?
®
ii
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: i i Easy ii| iiBloom's: iiComprehension
TOPICS: A-Head: ii1.2 iiOverview iiof iithe iiBook
OTHER: BUSPROG: iiAnalytic ii| iiDISC: iiDecision iiMaking
Business Analytics: Data Analysis & Decision Making,
ii ii ii ii ii ii
