TEST BANK
Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
, Verified Chapters 1 - 19, Complete
k1 k1 k1 k1 k1 k1
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
,Chapter 1. Introduction to Business Analytics
k1 k1 k1 k1 k1
1. The decision-
k1
making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k 1 following?
a. optimization techniques k1 b. decision analysis with uncertainty
k1 k1 k1 k1
c. structured sensitivity analysis
k1 k1 k1 d. all of these choices
k1 k1 k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1-2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
2. Which statement is not true?
k1 k1 k1 k1
a. Dealing with uncertainty includes measuring uncertainty.
k1 k1 k1 k1 k1
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
k1 k1 k1 k1 k1 k1 k1 k1 k1
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
d. Dealing with uncertainty requires a basic understanding of probability.
k1 k1 k1 k1 k1 k1 k1 k1
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
a. data analysis k1 b. dealing with uncertainty
k1 k1 k1
c. decision making
k1 k1 d. data mining
k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
Business Analytics: Data Analysis & Decision Making, k1 k1 k1 k1 k1 k1
, 4. Data analysis includes:
k1 k1
a. data description k1 b. data inference
k1 k1
c. the search for relationships in data
k1 k1 k1 k1 k1 k1 d. all of these choices
k1 k1 k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book
k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making
k1 k1 k1 k1 k1
5. Which of the following is not one of the steps in the modeling process?
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
a. Select the scale for the model.
k1 k1 k1 k1 k1
b. Collect and summarize data. k1 k1 k1
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
, Verified Chapters 1 - 19, Complete
k1 k1 k1 k1 k1 k1
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
,Chapter 1. Introduction to Business Analytics
k1 k1 k1 k1 k1
1. The decision-
k1
making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k 1 following?
a. optimization techniques k1 b. decision analysis with uncertainty
k1 k1 k1 k1
c. structured sensitivity analysis
k1 k1 k1 d. all of these choices
k1 k1 k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1-2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
2. Which statement is not true?
k1 k1 k1 k1
a. Dealing with uncertainty includes measuring uncertainty.
k1 k1 k1 k1 k1
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
k1 k1 k1 k1 k1 k1 k1 k1 k1
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
d. Dealing with uncertainty requires a basic understanding of probability.
k1 k1 k1 k1 k1 k1 k1 k1
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
a. data analysis k1 b. dealing with uncertainty
k1 k1 k1
c. decision making
k1 k1 d. data mining
k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making k1 k1 k1 k1 k1
Business Analytics: Data Analysis & Decision Making, k1 k1 k1 k1 k1 k1
, 4. Data analysis includes:
k1 k1
a. data description k1 b. data inference
k1 k1
c. the search for relationships in data
k1 k1 k1 k1 k1 k1 d. all of these choices
k1 k1 k1 k1
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
k 1 k1 k1 k1
TOPICS: A-Head: 1.2 Overview of the Book
k1 k1 k1 k1 k1
OTHER: BUSPROG: Analytic | DISC: Decision Making
k1 k1 k1 k1 k1
5. Which of the following is not one of the steps in the modeling process?
k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1
a. Select the scale for the model.
k1 k1 k1 k1 k1
b. Collect and summarize data. k1 k1 k1
Business Analytics: Data Analysis & Decision Making,
k1 k1 k1 k1 k1 k1
