Statistics for Business Decision Making and Analysis 3rd Edition Stine Test Bank.pdf

TestmBankmBusinessmAnalyticsmDatamAnalysismandmDecisionmMakingm6thmcompletemexammques
tionsmandmanswersmChapterm1-20



1. Themdecision-
makingmthemes mcoveredminmBusiness mAnalytics: mDatamAnalysis m&mDecisionmMakingmincludemwhichmof mthemfollowing?
a. optimizationm techniques b. decisionmanalysis mwithmuncertainty
c. structuredmsensitivity manalysis d. allmofmthesemchoices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1-2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMaking

2. Whichmstatement mis mnotmtrue?
a. Dealingmwithmuncertainty mincludes mmeasuringmuncertainty.
b. Dealingmwithmuncertainty mincludes mmodelingmuncert ainty mexplicitly mintomthemanalysis.
c. Dealingmwithmuncertainty mincludes meliminatingmuncert ainty mby musingmthemnormalmprobability mdistributi
on.
d. Dealingmwithmuncertainty mrequires mambasic munderstandingmofmprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMaking

3. Whatmis mnotmonemofmthemimportant mthemes mofmyourmBusiness mAnalytics: mDatamAnalysis m&mDecisionmMakingmtext?
a. datamanalysis b. dealingmwithmuncertainty
c. decisionmmaking d. datammining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

4. Datamanalysis mincludes:
a. datamdescription b. dataminference
c. themsearchmformrelationships minmdata d. allmofmthesemchoice
s
ANSWER: d
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledg
e
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMaking


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,5. Whichmofmthemfollowingmis mnotmonemofmthemsteps minmthemmodelingmprocess?
a. Select mthemscalemformthemmode
l.
b. Collect mandmsummarizemdata.
c. Verify mthemmodel.
d. Present mthemresults.
e. Implement mthemmodelmandmupdatemitmthroughmtime.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mComprehension
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

6. Whichmofmthemfollowingmwouldmnotmbemincludedmundermdatamanalysis?
a. measuringmuncertainty b. datamdescription
c. dataminference d. searchmformrelationships
ANSWER: a
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mComprehension
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

7. Themdecisionmmakingmprocess mincludes:
a. optimizationmtechniques mformproblems mwithmnomuncertainty
b. decisionmanalysis mformproblems mwithmuncertainty
c. sensitivity manalysis
d. allmofmthesemchoices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

®m
8. Whichmtoolmis manmExcel add-inmformperformingmwhat-ifmanalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mComprehension
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g
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,9. Whichmofmthemfollowingmstatements maremtrue?
a. Threemimportant mthemes mrunmthroughmthembook: mdatamanalysis, mdecisionmmaking, mandmuncertainty.
b. Datamanalysis mincludes mdatamdescription, mdataminference, mandmthemsearchingmformrelationships minmdata
c. Decisionmmakingmincludes moptimizationmtechniques mformproblems mwithmnomuncertainty, mdecisionmanalysis
m formproblems mwithmuncertainty, mandmstructuredmsensitivity manalysis.
d. Dealingmwithmuncertainty mincludes mmeasuringmuncertainty mandmmodelingmuncertainty mexplicitly mintomthemanaly
sis.
e. Allmofmthesemstatements maremtrue.
ANSWER: e
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMaking

10. Datamanalysis mincludes mdatamdescription,mdataminference,mandmthemsearchmformrelationships minmdata.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

11. Decision-
makingmincludes moptimizationmtechniques mformproblems mwithmcertainty, mdecisionmanalysis mformproblems mwithmcertainty,
mandmstructuredmsensitivity manalysis.

a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

12.
Amrelatively mnewmaspect mof mbusiness manalytics mis mbigmdata, mwhichmtypically mimplies mthemanalysis mofmthemvery mlargemdatam
sets mthat mcompanies mcurrently mencounter.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g

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, 13. Threemimportant mthemes mrunmthroughmthemBusiness mAnalytics: mDatamAnalysis m&mDecisionmMakingmtext: mdatamanal
ysis, mdecision-making, mandmdealingmwithmuncertainty.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy m|mBloom's:mKnowledge
TOPICS: A-Head:m1.2mOverviewmofmthemBook
OTHER: BUSPROG:mAnalytic m|mDISC:mDecisionmMakin
g




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