,Ch1
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
b b b b b b b b b b b b b b b
following?
b
a. optimization techniques b b. decision analysis with uncertainty
b b b b b
c. structured sensitivity analysis
b b b b d. all of these choices
b b b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1-2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
2. Which statement is not true?
b b b b
a. Dealing with uncertainty includes measuring uncertainty.
b b b b b
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
b b b b b b b b b
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
b b b b b b b b b b b
d. Dealing with uncertainty requires a basic understanding of probability.
b b b b b b b b
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
b b b b b b b b b b b b b b b b b
a. data analysis b. dealing with uncertainty
b b b
c. decision making d. data mining b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
4. Data analysis includes:
b b
a. data description b b. data inference
b
c. the search for relationships in data
b d. b b b b all of these choices
b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
5. Which of the following is not one of the steps in the modeling process?
b b b b b b b b b b b b b
a. Select the scale for the model. b b b b b
b. Collect and summarize data. b b b
c. Verify the model. b b
d. Present the results. b b
e. Implement the model and update it through time. b b b b b b b
Copyright Cengage Learning. Powered by Cognero. Page 1
,Ch1
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
6. Which of the following would not be included under data analysis?
b b b b b b b b b b
a. measuring uncertainty b. data description b b
c. data inference b d. search for relationships b b
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
7. The decision making process includes:
b b b b
a. optimization techniques for problems with no uncertainty b b b b b b
b. decision analysis for problems with uncertainty b b b b b
c. sensitivity analysis b
d. all of these choices b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
8. Which tool is an Excel® add-in for performing what-if analyses?
b b b b b b b b b
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
9. Which of the following statements are true?
b b b b b b
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
b b b b b b b b b b b b
b. Data analysis includes data description, data inference, and the searching for relationships in data
b b b b b b b b b b b b b
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
b b b b b b b b b b b b
problems with uncertainty, and structured sensitivity analysis.
b b b b b b b
d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
b b b b b b b b b b b b
Copyright Cengage Learning. Powered by Cognero. Page 2
, Ch1
e. All of these statements are true.
b b b b b
ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
10. Data analysis includes data description, data inference, and the search for relationships in data.
b b b b b b b b b b b b b
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
b b b b b b b b b b b b
certainty, and structured sensitivity analysis.
b b b b b
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets that
b b b b b b b b b b b b b b b b b b b b b
companies currently encounter.
b b b
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
b b b b b b b b b b b b b b b
decision-making, and dealing with uncertainty.
b b b b b
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
Copyright Cengage Learning. Powered by Cognero. Page 3
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
b b b b b b b b b b b b b b b
following?
b
a. optimization techniques b b. decision analysis with uncertainty
b b b b b
c. structured sensitivity analysis
b b b b d. all of these choices
b b b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1-2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
2. Which statement is not true?
b b b b
a. Dealing with uncertainty includes measuring uncertainty.
b b b b b
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
b b b b b b b b b
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
b b b b b b b b b b b
d. Dealing with uncertainty requires a basic understanding of probability.
b b b b b b b b
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
b b b b b b b b b b b b b b b b b
a. data analysis b. dealing with uncertainty
b b b
c. decision making d. data mining b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
4. Data analysis includes:
b b
a. data description b b. data inference
b
c. the search for relationships in data
b d. b b b b all of these choices
b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
5. Which of the following is not one of the steps in the modeling process?
b b b b b b b b b b b b b
a. Select the scale for the model. b b b b b
b. Collect and summarize data. b b b
c. Verify the model. b b
d. Present the results. b b
e. Implement the model and update it through time. b b b b b b b
Copyright Cengage Learning. Powered by Cognero. Page 1
,Ch1
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
6. Which of the following would not be included under data analysis?
b b b b b b b b b b
a. measuring uncertainty b. data description b b
c. data inference b d. search for relationships b b
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
7. The decision making process includes:
b b b b
a. optimization techniques for problems with no uncertainty b b b b b b
b. decision analysis for problems with uncertainty b b b b b
c. sensitivity analysis b
d. all of these choices b b b
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
8. Which tool is an Excel® add-in for performing what-if analyses?
b b b b b b b b b
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
9. Which of the following statements are true?
b b b b b b
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
b b b b b b b b b b b b
b. Data analysis includes data description, data inference, and the searching for relationships in data
b b b b b b b b b b b b b
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
b b b b b b b b b b b b
problems with uncertainty, and structured sensitivity analysis.
b b b b b b b
d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
b b b b b b b b b b b b
Copyright Cengage Learning. Powered by Cognero. Page 2
, Ch1
e. All of these statements are true.
b b b b b
ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
10. Data analysis includes data description, data inference, and the search for relationships in data.
b b b b b b b b b b b b b
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge b b b
TOPICS: A-Head: 1.2 Overview of the Book b b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
b b b b b b b b b b b b
certainty, and structured sensitivity analysis.
b b b b b
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets that
b b b b b b b b b b b b b b b b b b b b b
companies currently encounter.
b b b
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
OTHER: BUSPROG: Analytic | DISC: Decision Making b b b b b
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
b b b b b b b b b b b b b b b
decision-making, and dealing with uncertainty.
b b b b b
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
b b b
TOPICS: A-Head: 1.2 Overview of the Bookb b b b b
Copyright Cengage Learning. Powered by Cognero. Page 3
