MSIS 3223 EXAM QUESTIONS WITH CORRECT ANSWERS
LATEST UPDATE
Descriptive Analytics
the use of data to understand past and current business performance and make
informed decisions
Descriptive analytics helps detects hidden patterns in large quantities of data to
group data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this
task.
False
Prescriptive analytics can help a company address the best way of shipping
goods from their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
Product mix is determined by top managers.
True
A deterministic model is one in which all model input information is either known
or assumed to be known with certainty.
True
The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business
Intelligence, Information Systems, statistics, and modeling and optimization.
True
Statistics has a long and rich history, yet only rather recently has it been
recognized as an important element of business, driven to a large extent by the
massive growth of data in today's world.
True
Decision models typically have three types of input: Data, uncontrollable inputs,
and decision options.
True
A database is a collection of related files (tables) containing records on people,
places or things.
True
(This question text is only available on the projector or screen in the classroom.)
Dragging a field into the Report Filter area allows addition of a third dimension to the
analysis.
AND(condition 1, condition 2...) is a logical function that returns TRUE if all
conditions are true and FALSE if not.
True
LATEST UPDATE
Descriptive Analytics
the use of data to understand past and current business performance and make
informed decisions
Descriptive analytics helps detects hidden patterns in large quantities of data to
group data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this
task.
False
Prescriptive analytics can help a company address the best way of shipping
goods from their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
Product mix is determined by top managers.
True
A deterministic model is one in which all model input information is either known
or assumed to be known with certainty.
True
The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business
Intelligence, Information Systems, statistics, and modeling and optimization.
True
Statistics has a long and rich history, yet only rather recently has it been
recognized as an important element of business, driven to a large extent by the
massive growth of data in today's world.
True
Decision models typically have three types of input: Data, uncontrollable inputs,
and decision options.
True
A database is a collection of related files (tables) containing records on people,
places or things.
True
(This question text is only available on the projector or screen in the classroom.)
Dragging a field into the Report Filter area allows addition of a third dimension to the
analysis.
AND(condition 1, condition 2...) is a logical function that returns TRUE if all
conditions are true and FALSE if not.
True
