Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12, Complete Newest Version

Chaptere01e–eSpecifyetheeQuestion:eUsingeBusinesseAnalyticsetoeAddresseBusinesseQuestions


Solution Manual for Introduction to Business Analytics,
1st Edition
By Vernon Richardson and Marcia Watson
Verified Chapter's 1 - 12 | Complete

, Chaptere01e–eSpecifyetheeQuestion:eUsingeBusinesseAnalyticsetoeAddresseBusinesseQuestions




TABLE OF CONTENTS e e e




Chaptere1:eSpecifyetheeQuestion:eUsingeBusinesseAnalyticsetoeAddresseBusinesseQuestionsee

Chaptere2:eObtainetheeData:eAneIntroductionetoeBusinesseDataeSourcesee

Chaptere3:eAnalyzeetheeData:eBasiceStatisticseandeToolseRequiredeineBusinesseAnalyticsee

Chaptere4:eAnalyzeetheeData:eExploratoryeBusinesseAnalyticse(DescriptiveeAnalyticseandeDiagnosticeAnalytics)ee

Chaptere5:eAnalyzeetheeData:eConfirmatoryeBusinesseAnalyticse(PredictiveeAnalyticseandePrescriptiveeAnalytics)ee

Chaptere6:eReportetheeResults:eUsingeDataeVisualizationee

Chaptere7:eMarketingeAnalyticsee

Chaptere8:eAccountingeAnalyticsee

Chaptere9:eFinancialeAnalyticsee

Chaptere10:eOperationseAnalyticsee

Chaptere11:eAdvancedeBusinesseAnalyticsee

Chaptere12:eUsingetheeSOAReAnalyticseModeletoePuteIteAlleTogether:eThreeeCapstoneeProjectsee

, Chaptere01e–eSpecifyetheeQuestion:eUsingeBusinesseAnalyticsetoeAddresseBusinesseQuestions



Chapter 1 End-of-Chapter Assignment Solutions
e e e e




MultipleeChoiceeQuestions
1. (LOe1.1)eAecoordinated,estandardizedeseteofeactivitieseconductedebyebothepeopleeandeequipmentetoeaccomplisheaes
pecificebusinessetaskeisecalled .
a. businesseprocesses
b. businesseanalysis
c. businesseprocedure
d. businessevalue

2. (LOe1.2)eAccordingetoetheeinformationevalueechain,edataecombinedewithecontexteis
a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LOe1.5)eWhichephaseeofetheeSOAReanalyticsemodeleaddressesetheeproperewayetoecommunicateeresultsetoetheed
ecisionemaker?
a. Specifyetheequestion
b. Obtainetheedata
c. Analyzeetheedata
d. Reportetheeresults

4. (LOe1.5)eWhichephaseeofetheeSOAReanalyticsemodeleinvolvesefindingetheemosteappropriateedataeneededetoeaddresset
heebusinessequestion?
a. Specifyetheequestion
b. Obtainetheedata
c. Analyzeetheedata
d. Reportetheeresults

5. (LOe1.5)eWhichequestionseseekeinformationeabouteTesla’sesaleseinetheenextequarter?
a. Whatehappened?eWhateisehappening?
b. Whyedideitehappen?eWhateareetheecauseseofepasteresults?
c. Willeitehappeneinetheefuture?eWhateisetheeprobabilityesomethingewillehappen?eCaneweeforecastewhate
willehappen?
d. Whateshouldeweedo,ebasedeonewhateweeexpectewillehappen?eHowedoeweeoptimizeeoureperformanceebasedeo
nepotentialeconstraints?


6. (LOe1.5)eWhichequestionseseekeinformationeonetheeroutingeofeproductsefromeQueretaro,eMexicoetoeChicago,eU
nitedeStateseinetheelastequarter?
a. Whatehappened?eWhateisehappening?
b. Whyedideitehappen?eWhateareetheecauseseofepasteresults?
c. Willeitehappeneinetheefuture?eWhateisetheeprobabilityesomethingewillehappen?eCaneweeforecastewhatewilleh
appen?
d. Whateshouldeweedo,ebasedeonewhateweeexpectewillehappen?eHowedoeweeoptimizeeoureperformanceebasedeo
nepotentialeconstraints?

, Chaptere01e–eSpecifyetheeQuestion:eUsingeBusinesseAnalyticsetoeAddresseBusinesseQuestions
7. (LOe1.5)eWhichequestionseaskewhyeneteincomeeiseincreasingewhenerevenueseareedecreasing,ecounteretoee
xpectations?
a. Whatehappened?eWhateisehappening?
b. Whyedideitehappen?eWhateareetheecauseseofepasteresults?
c. Willeitehappeneinetheefuture?eWhateisetheeprobabilityesomethingewillehappen?eCaneweeforecastewhatewilleh
appen?
d. Whateshouldeweedo,ebasedeonewhateweeexpectewillehappen?eHowedoeweeoptimizeeoureperformanceebasedeo
nepotentialeconstraints?

8. (LOe1.5)eWhichequestionsehelpemanagerseunderstandehowetoeorganizeefutureeshipmentsebasedeoneexpecteded
emand?
a. Whatehappened?eWhateisehappening?
b. Whyedideitehappen?eWhateareetheecauseseofepasteresults?
c. Willeitehappeneinetheefuture?eWhateisetheeprobabilityesomethingewillehappen?eCaneweeforecastewhatewilleh
appen?
d. Whateshouldeweedo,ebasedeonewhateweeexpectewillehappen?eHowedoeweeoptimizeeoureperformanc
eebasedeonepotentialeconstraints?

9. (LOe1.5)eWhichetermerefersetoetheecombinedeaccuracy,evalidity,eandeconsistencyeofedataestoredeandeusedeovereti
me?
a. Dataeintegrity
b. Dataeoverload
c. Dataevalue
d. Informationevalue

10. (LOe1.3)eAespecialistewhoeknowsehowetoeworkewith,emanipulate,eandestatisticallyetestedataeisea
a. decisionemaker.
b. dataescientist.
c. dataeanalyst.
d. decisionescientist.

11. (LOe1.4)eWhichetypeeofeanalystsepredictsetheeamounteofemoneyethateaecompanyewillereceiveefromeitsecustomersetoeh
elpemanagementeevaluateefutureeinvestmentsebasedeoneexpectedeinvestmenteperformance,esucheaseinvestmentsei
neequipmenteoreemployeeetraining?
a. Marketingeanalyst
b. Operationseanalyst
c. Financialeanalyst
d. Accountingeanalyst

12. (LOe1.4)eWhichetypeeofeanalysteaddressesequestionseregardingetaxeandeauditing?
a. Marketingeanalyst
b. Operationseanalyst
c. Financialeanalyst
d. Accountingeanalyst

13. (LOe1.5)eSupposeeaecompanyehasetimelyeproductereviewsethateareeavailableewheneneeded,ebutetheereviewseareeb
iased.eTheseeproductereviewseareewhichetypeeofedata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©eMcGraweHilleLLC.eAllerightsereserved.eNoereproductioneoredistributionewithoutetheepriorewritteneconsenteofeMcGraweHilleLLC.



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