TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19, Complete Newest Version A+.

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, Business Analytics Data Analysis and Decision Making 8th j u




complete exam questions and answers Chapter 1-19


1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include
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dnju which of the following?
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a. optimization techniques d nju b. decision analysis with dnju dnju


uncertainty
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c. structured sensitivity analysis dnju dnju d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge dnju dnju dnju




TOPICS: A-Head: 1-2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision Making dnju dnju dnju dnju dnju




2. Which statement dnju dnjuis not true?
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a. Dealing with dnju dnjuuncertainty includes measuring uncertainty. dnju dnju dnju




b. Dealing with dnju dnjuuncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability
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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: Knowledgednju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision Making dnju dnju dnju dnju dnju




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 b. dealing with uncertainty
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c. decision making d. data mining dnju dnju




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge dnju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju


Making dnju




4. Data analysis includes:
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a. data description dnju b. data inference dnju




c. the search for relationships in data d. all of these
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: dnju dnju



Knowledge dnju



TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju


Making dnju




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, 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 dnju dnju dnju dnju


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b. Collect and summarize data. dnju dnju dnju



c. Verify the model. dnju dnju




d. Present the results. dnju dnju




e. Implement the model and update it through time. dnju dnju dnju dnju dnju dnju dnju




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension dnju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju


Making dnju




6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description dnju dnju




c. data inference dnju d. search for relationships dnju dnju




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension dnju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju


Making dnju




7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty dnju dnju dnju dnju dnju dnju




b. decision analysis for problems with uncertainty
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c. sensitivity analysis dnju




d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge dnju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju


Making dnju




®
8. Which tool is an Excel add-in for performing what-if analyses?
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a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension dnju dnju dnju




TOPICS: A-Head: 1.2 Overview of the Book dnju dnju dnju dnju dnju



OTHER: BUSPROG: Analytic | DISC: Decision dnju dnju dnju dnju




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