Business Analytics: Data Analysis & Decision
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Making,
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TEST BANK Business Analytics: Data Analysis & Decision
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bg Making,7th Edition. S. Christian Albright, Wayne L. Winston
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Verified Chapters 1 - 19, Complete
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Business Analytics: Data Analysis & Decision
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Making,
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, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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Chapter 1. Introduction to Business Analytics
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
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a. optimization techniques b. decision analysis with uncertainty
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c. structured sensitivity analysis
bg d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
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TOPICS: A-Head: 1-2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
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a. data analysis bgb. dealing with uncertainty bg bg bg
c. decision making
bg d. data mining
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
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TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
4. Data analysis includes:
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a. data description bg b. data inference bg bg
c. the search for relationships in data
bg bg d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model.
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b. Collect and summarize data.
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Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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c. Verify the model. bg bg
d. Present the results. bg bg
e. Implement the model and update it through time.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description
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c. data inference
bg bg d. search for relationships bg bg bg
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty
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b. decision analysis for problems with uncertainty
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c. sensitivity analysis bg
d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
8. Which tool is an Exc el add-in for performing what-if analyses?
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bg bg bg bg
®
b g
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
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c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
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b g problems with uncertainty, and structured sensitivity analysis.
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Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
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e. All of these statements are true.
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ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
10. Data analysis includes data description, data inference, and the search for relationships in data.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
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b g certainty, and structured sensitivity analysis.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg
b gthat companies currently encounter.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg
b g decision- making, and dealing with uncertainty.
bg bg bg bg bg
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
bg
bg bg bg bg bg
Making,
bg
TEST BANK Business Analytics: Data Analysis & Decision
bg bg bg bg bg bg bg bg
bg Making,7th Edition. S. Christian Albright, Wayne L. Winston
bg bg bg bg bg bg bg
Verified Chapters 1 - 19, Complete
bg bg bg bg bg
Business Analytics: Data Analysis & Decision
bg bg bg bg bg
Making,
bg
, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
bg
Chapter 1. Introduction to Business Analytics
bg bg bg bg bg
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg b g following?
a. optimization techniques b. decision analysis with uncertainty
bg bg bg bg bg
c. structured sensitivity analysis
bg d. all of these choices
bg bg bg bg bg bg
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1-2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
2. Which statement is not true?
bg bg bg bg
a. Dealing with uncertainty includes measuring uncertainty.
bg bg bg bg bg
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
bg bg bg bg bg bg bg bg bg
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
bg bg bg bg bg bg bg bg bg bg bg
d. Dealing with uncertainty requires a basic understanding of probability.
bg bg bg bg bg bg bg bg
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg
a. data analysis bgb. dealing with uncertainty bg bg bg
c. decision making
bg d. data mining
bg bg bg
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
4. Data analysis includes:
bg bg
a. data description bg b. data inference bg bg
c. the search for relationships in data
bg bg d. all of these choices
bg bg bg bg bg bg bg bg
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
5. Which of the following is not one of the steps in the modeling process?
bg bg bg bg bg bg bg bg bg bg bg bg bg
a. Select the scale for the model.
bg bg bg bg bg
b. Collect and summarize data.
bg bg bg
Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
bg
, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
bg
c. Verify the model. bg bg
d. Present the results. bg bg
e. Implement the model and update it through time.
bg bg bg bg bg bg bg
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
6. Which of the following would not be included under data analysis?
bg bg bg bg bg bg bg bg bg bg
a. measuring uncertainty b. data description
bg bg bg
c. data inference
bg bg d. search for relationships bg bg bg
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
7. The decision making process includes:
bg bg bg bg
a. optimization techniques for problems with no uncertainty
bg bg bg bg bg bg
b. decision analysis for problems with uncertainty
bg bg bg bg bg
c. sensitivity analysis bg
d. all of these choices
bg bg bg
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
8. Which tool is an Exc el add-in for performing what-if analyses?
bg bg bg bg
bg bg bg bg
®
b g
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
9. Which of the following statements are true?
bg bg bg bg bg bg
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
bg bg bg bg bg bg bg bg bg bg bg bg bg
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
bg bg bg bg bg bg bg bg bg bg bg bg
b g problems with uncertainty, and structured sensitivity analysis.
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Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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, Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
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d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
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e. All of these statements are true.
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ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
10. Data analysis includes data description, data inference, and the search for relationships in data.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
bg bg bg bg bg bg bg bg bg bg bg bg
b g certainty, and structured sensitivity analysis.
bg bg bg bg
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg
b gthat companies currently encounter.
bg bg bg
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bg bg bg bg bg bg bg bg bg bg bg bg bg bg bg
b g decision- making, and dealing with uncertainty.
bg bg bg bg bg
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bg bg bg bg
TOPICS: A-Head: 1.2 Overview of the Book bg bg bg bg bg
OTHER: BUSPROG: Analytic | DISC: Decision Making bg bg bg bg bg
Business Analytics: Data Analysis & Decision bg bg bg bg bg
Making,
bg
