TEST BANK for Business Analytics 3rd Edit
f7 f7 f7 f7 f7 f7
ion by James Evans
f7 f7 f7
COMPLETEf7CHAPTERSf71-
16f7WITHf7VERIFIEDf7QUESTIONSf7&f7ACCURATEf7SOLUTIO
NS|f7A+f7PASSf7GUARANTEED
Pagef7|f71
, Tablef7off7Contents
Chapterf71:
Introductionf7tof7Businessf7Analyti
csf7Chapterf71:
Appendixf7A1f7Basicf7Excelf7Skill
sf7Chapterf72: Databasef7Analytics
Chapterf73:
Dataf7Visualizationf7
Chapterf74:
Descriptivef7Statistic
s
Chapterf75:
Probabilityf7Distributionsf7andf7Dataf7Modeli
ngf7Chapterf76: Samplingf7andf7Estimation
Chapterf77: Statisticalf7Inference
Chapterf78:
Trendlinesf7andf7Regressionf7Analys
isf7Chapterf79: Forecastingf7Techniques
Chapterf710:
Introductionf7tof7Dataf7Miningf7Cha
pterf711:
Spreadsheetf7Modelingf7andf7Analys
isf7Chapterf712:
Simulationf7andf7Riskf7Analysisf7C
hapterf713: Linearf7Optimization
Chapterf714:
Integerf7andf7Nonlinearf7Optimizationf7Mod
Pagef7|f72
,elsf7Chapterf715: Optimizationf7Analytics
Chapterf716: Decisionf7Analysis
Pagef7|f73
, Chapterf71:f7Introductionf7tof7Businessf7Analytics
1) Descriptivef7analytics:
A) canf7predictf7riskf7andf7findf7relationshipsf7inf7dataf7notf7readilyf7apparentf7withf7traditionalf7analyses.
B) helpsf7companiesf7classifyf7theirf7customersf7intof7segmentsf7tof7developf7specificf7marketingf7campaign
s.
C) helpsf7detectf7hiddenf7patternsf7inf7largef7quantitiesf7off7dataf7tof7groupf7dataf7intof7setsf7tof7predictf7beha
vior.
D) canf7usef7mathematicalf7techniquesf7withf7optimizationf7tof7makef7decisionsf7thatf7takef7intof7acc
ountf7thef7uncertaintyf7inf7thef7data.
Correctf7Answer:f7Bf7Diff:f7
1f7Blooms:f7Remember
Topic:f7Descriptive,f7Predictive,f7andf7Prescriptivef7Analytics
LO1:f7Illustratef7examplesf7off7descriptive,f7predictive,f7andf7prescriptivef7analytics.
2) Af7managerf7atf7Gampcof7Inc.f7wishesf7tof7knowf7thef7company'sf7revenuef7andf7profitf7inf7itsf7previo
usf7quarter.f7Whichf7off7thef7followingf7businessf7analyticsf7willf7helpf7thef7manager?
A) prescriptivef7analytics
B) normativef7analytics
C) descriptivef7analytics
D) predictivef7analyticsf7Correctf7Answer:f
7Cf7Diff:f71
Blooms:f7Applyf7AACSB:f7Analyticf7Skills
Topic:f7Descriptive,f7Predictive,f7andf7Prescriptivef7Analytics
LO1:f7Explainf7thef7differencef7betweenf7descriptive,f7predictive,f7andf7prescriptivef7analytics.
3) Predictivef7analytics:
A) summarizesf7dataf7intof7meaningfulf7chartsf7andf7reportsf7thatf7canf7bef7standardizedf7orf7customized.
B) identifiesf7thef7bestf7alternativesf7tof7minimizef7orf7maximizef7anf7objective.
C) usesf7dataf7tof7determinef7af7coursef7off7actionf7tof7bef7executedf7inf7af7givenf7situation.
Pagef7|f74
f7 f7 f7 f7 f7 f7
ion by James Evans
f7 f7 f7
COMPLETEf7CHAPTERSf71-
16f7WITHf7VERIFIEDf7QUESTIONSf7&f7ACCURATEf7SOLUTIO
NS|f7A+f7PASSf7GUARANTEED
Pagef7|f71
, Tablef7off7Contents
Chapterf71:
Introductionf7tof7Businessf7Analyti
csf7Chapterf71:
Appendixf7A1f7Basicf7Excelf7Skill
sf7Chapterf72: Databasef7Analytics
Chapterf73:
Dataf7Visualizationf7
Chapterf74:
Descriptivef7Statistic
s
Chapterf75:
Probabilityf7Distributionsf7andf7Dataf7Modeli
ngf7Chapterf76: Samplingf7andf7Estimation
Chapterf77: Statisticalf7Inference
Chapterf78:
Trendlinesf7andf7Regressionf7Analys
isf7Chapterf79: Forecastingf7Techniques
Chapterf710:
Introductionf7tof7Dataf7Miningf7Cha
pterf711:
Spreadsheetf7Modelingf7andf7Analys
isf7Chapterf712:
Simulationf7andf7Riskf7Analysisf7C
hapterf713: Linearf7Optimization
Chapterf714:
Integerf7andf7Nonlinearf7Optimizationf7Mod
Pagef7|f72
,elsf7Chapterf715: Optimizationf7Analytics
Chapterf716: Decisionf7Analysis
Pagef7|f73
, Chapterf71:f7Introductionf7tof7Businessf7Analytics
1) Descriptivef7analytics:
A) canf7predictf7riskf7andf7findf7relationshipsf7inf7dataf7notf7readilyf7apparentf7withf7traditionalf7analyses.
B) helpsf7companiesf7classifyf7theirf7customersf7intof7segmentsf7tof7developf7specificf7marketingf7campaign
s.
C) helpsf7detectf7hiddenf7patternsf7inf7largef7quantitiesf7off7dataf7tof7groupf7dataf7intof7setsf7tof7predictf7beha
vior.
D) canf7usef7mathematicalf7techniquesf7withf7optimizationf7tof7makef7decisionsf7thatf7takef7intof7acc
ountf7thef7uncertaintyf7inf7thef7data.
Correctf7Answer:f7Bf7Diff:f7
1f7Blooms:f7Remember
Topic:f7Descriptive,f7Predictive,f7andf7Prescriptivef7Analytics
LO1:f7Illustratef7examplesf7off7descriptive,f7predictive,f7andf7prescriptivef7analytics.
2) Af7managerf7atf7Gampcof7Inc.f7wishesf7tof7knowf7thef7company'sf7revenuef7andf7profitf7inf7itsf7previo
usf7quarter.f7Whichf7off7thef7followingf7businessf7analyticsf7willf7helpf7thef7manager?
A) prescriptivef7analytics
B) normativef7analytics
C) descriptivef7analytics
D) predictivef7analyticsf7Correctf7Answer:f
7Cf7Diff:f71
Blooms:f7Applyf7AACSB:f7Analyticf7Skills
Topic:f7Descriptive,f7Predictive,f7andf7Prescriptivef7Analytics
LO1:f7Explainf7thef7differencef7betweenf7descriptive,f7predictive,f7andf7prescriptivef7analytics.
3) Predictivef7analytics:
A) summarizesf7dataf7intof7meaningfulf7chartsf7andf7reportsf7thatf7canf7bef7standardizedf7orf7customized.
B) identifiesf7thef7bestf7alternativesf7tof7minimizef7orf7maximizef7anf7objective.
C) usesf7dataf7tof7determinef7af7coursef7off7actionf7tof7bef7executedf7inf7af7givenf7situation.
Pagef7|f74
