TEST BANK
TABLE OF CONTENTS
as as
, Chapter 1. Introduction to Business Analytics
as as as as as
Chapter 2. Describing the Distribution of a Variable
as as as as as as as
Chapter 3. Finding Relationships among Variables
as as as as as
Chapter 4. Business Intelligence (BI) Tools for Data Analysis
as as as as as as as as
Chapter 5. Probability and Probability Distributions
as as as as as
Chapter 6. Decision Making under Uncertainty
as as as as as
Chapter 7. Sampling and Sampling Distributions
as as as as as
Chapter 8. Confidence Interval Estimation
as as as as
Chapter 9. Hypothesis Testing
as as as
Chapter 10. Regression Analysis: Estimating Relationships
as as as as as
Chapter 11. Regression Analysis: Statistical Inference
as as as as as
Chapter 12. Time Series Analysis and Forecasting
as as as as as as
Chapter 13. Introduction to Optimization Modeling
as as as as as
Chapter 14. Optimization Models
as as as
Chapter 15. Introduction to Simulation Modeling
as as as as as
Chapter 16. Simulation Models
as as as
Chapter 17. Data Mining
as as as
Chapter 18. Analysis of Variance and Experimental Design
as as as as as as as
Chapter 19. Statistical Process Control
as as as as
Chapter 1. Introduction to Business Analytics
as as as as as
1. The decision-
as
making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
as as as as as as as as as as as as as as a s following?
a. optimization techniques b. decision analysis with uncertainty
as as as as as
c. structured sensitivity analysis
as as d. all of these choices as as as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
a s as as as
,TOPICS: A-Head: 1-2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
2. Which statement is not true?
as as as as
a. Dealing with uncertainty includes measuring uncertainty.
as as as as as
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
as as as as as as as as as
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
as as as as as as as as as as as
d. Dealing with uncertainty requires a basic understanding of probability.
as as as as as as as as
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
as as as as as as as as as as as as as as as as as
a. data analysis b. dealing with uncertainty
as as as as
c. decision making
as d. data mining as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
4. Data analysis includes:
as as
a. data description as b. data inference as as
c. the search for relationships in data
as as d. all of these choices
as as as as as as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
5. Which of the following is not one of the steps in the modeling process?
as as as as as as as as as as as as as
a. Select the scale for the model.
as as as as as
b. Collect and summarize data. as as as
, c. Verify the model. as as
d. Present the results. as as
e. Implement the model and update it through time. as as as as as as as
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
6. Which of the following would not be included under data analysis?
as as as as as as as as as as
a. measuring uncertainty b. data description as as as
c. data inference
as as d. search for relationships as as as
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
7. The decision making process includes:
as as as as
a. optimization techniques for problems with no uncertainty as as as as as as
b. decision analysis for problems with uncertainty
as as as as as
c. sensitivity analysis as
d. all of these choices
as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
8. Which tool is an Excel add-in for performing what-if analyses?
as as as as asa s
as as as as
®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
9. Which of the following statements are true?
as as as as as as
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
as as as as as as as as as as as as
b. Data analysis includes data description, data inference, and the searching for relationships in data
as as as as as as as as as as as as as
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
as as as as as as as as as as as as
a s problems with uncertainty, and structured sensitivity analysis.
as as as as as as
TABLE OF CONTENTS
as as
, Chapter 1. Introduction to Business Analytics
as as as as as
Chapter 2. Describing the Distribution of a Variable
as as as as as as as
Chapter 3. Finding Relationships among Variables
as as as as as
Chapter 4. Business Intelligence (BI) Tools for Data Analysis
as as as as as as as as
Chapter 5. Probability and Probability Distributions
as as as as as
Chapter 6. Decision Making under Uncertainty
as as as as as
Chapter 7. Sampling and Sampling Distributions
as as as as as
Chapter 8. Confidence Interval Estimation
as as as as
Chapter 9. Hypothesis Testing
as as as
Chapter 10. Regression Analysis: Estimating Relationships
as as as as as
Chapter 11. Regression Analysis: Statistical Inference
as as as as as
Chapter 12. Time Series Analysis and Forecasting
as as as as as as
Chapter 13. Introduction to Optimization Modeling
as as as as as
Chapter 14. Optimization Models
as as as
Chapter 15. Introduction to Simulation Modeling
as as as as as
Chapter 16. Simulation Models
as as as
Chapter 17. Data Mining
as as as
Chapter 18. Analysis of Variance and Experimental Design
as as as as as as as
Chapter 19. Statistical Process Control
as as as as
Chapter 1. Introduction to Business Analytics
as as as as as
1. The decision-
as
making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
as as as as as as as as as as as as as as a s following?
a. optimization techniques b. decision analysis with uncertainty
as as as as as
c. structured sensitivity analysis
as as d. all of these choices as as as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
a s as as as
,TOPICS: A-Head: 1-2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
2. Which statement is not true?
as as as as
a. Dealing with uncertainty includes measuring uncertainty.
as as as as as
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
as as as as as as as as as
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
as as as as as as as as as as as
d. Dealing with uncertainty requires a basic understanding of probability.
as as as as as as as as
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
as as as as as as as as as as as as as as as as as
a. data analysis b. dealing with uncertainty
as as as as
c. decision making
as d. data mining as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
4. Data analysis includes:
as as
a. data description as b. data inference as as
c. the search for relationships in data
as as d. all of these choices
as as as as as as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
5. Which of the following is not one of the steps in the modeling process?
as as as as as as as as as as as as as
a. Select the scale for the model.
as as as as as
b. Collect and summarize data. as as as
, c. Verify the model. as as
d. Present the results. as as
e. Implement the model and update it through time. as as as as as as as
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
6. Which of the following would not be included under data analysis?
as as as as as as as as as as
a. measuring uncertainty b. data description as as as
c. data inference
as as d. search for relationships as as as
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
7. The decision making process includes:
as as as as
a. optimization techniques for problems with no uncertainty as as as as as as
b. decision analysis for problems with uncertainty
as as as as as
c. sensitivity analysis as
d. all of these choices
as as as
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
8. Which tool is an Excel add-in for performing what-if analyses?
as as as as asa s
as as as as
®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension a s as as as
TOPICS: A-Head: 1.2 Overview of the Book as as as as as
OTHER: BUSPROG: Analytic | DISC: Decision Making as as as as as
9. Which of the following statements are true?
as as as as as as
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
as as as as as as as as as as as as
b. Data analysis includes data description, data inference, and the searching for relationships in data
as as as as as as as as as as as as as
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
as as as as as as as as as as as as
a s problems with uncertainty, and structured sensitivity analysis.
as as as as as as
