Solution Manual for Introduction to Business Analytics 1st Edition By Richardson and Watson, All 12 Chapters Covered, Verified Latest Edition

Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
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Solution Manual for Introduction to Business Analytics,

1st Edition

By Vernon Richardson and Marcia Watson

Verified




Chapter's

1 - 12 |

Complete

, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
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TABLE OF CONTENTS UI UI UI




Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions
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Chapter 2: Obtain the Data: An Introduction to Business Data Sources
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Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics
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Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics)
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Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics)
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Chapter 6: Report the Results: Using Data Visualization
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Chapter 7: Marketing Analytics
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Chapter 8: Accounting Analytics
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Chapter 9: Financial Analytics
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Chapter 10: Operations Analytics
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Chapter 11: Advanced Business Analytics
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Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects
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, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
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Chapter 1 End-of-Chapter Assignment Solutions UI UI UI UI




Multiple Choice Questions UI UI




1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and equipment to accompli
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sh aspecific business task is called .
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a. business processes UI




b. business analysis UI




c. business procedure UI




d. business value UI




2. (LO 1.2) According to the information value chain, data combined with context is
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a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to communicate results to
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thedecision maker?
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a. Specify the question UI UI




b. Obtain the data UI UI




c. Analyze the data UI UI




d. Report the results UI UI




4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data needed to add
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ressthe business question?
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a. Specify the question UI UI




b. Obtain the data UI UI




c. Analyze the data UI UI




d. Report the results UI UI




5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter?
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a. What happened? What is happening? UI UI UI UI




b. Why did it happen? What are the causes of past results?
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c. Will it happen in the future? What is the probability something will happen? Can we forecast what
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will happen? UI




d. What should we do, based on what we expect will happen? How do we optimize our performance ba
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, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
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sedon potential constraints?
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6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to Chica
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go,United States in the last quarter?
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a. What happened? What is happening? UI UI UI UI




b. Why did it happen? What are the causes of past results?
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c. Will it happen in the future? What is the probability something will happen? Can we forecast what
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willhappen?IU




d. What should we do, based on what we expect will happen? How do we optimize our performance ba
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sedon potential constraints?
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