Test bank business analytics data analysis and decision making 6th edition by s christian_compressed

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TEST BANK

Business Analytics: Data Analysis & Decision Making,

7th Edition. S. Christian Albright, Wayne L. Winston Verified
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Chapters 1 - 19, Complete
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Business Analytics: Data Analysis & Decision Making,

,Chapter 1. Introduction to Business Analytics
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
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k following?
a. optimizationtechniques k b. decision analysis with uncertainty
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c. structured sensitivity analysis
k k k d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgek k k k




TOPICS: A-Head: 1-2 Overview of the Bookk k k k k




OTHER: BUSPROG: Analytic | DISC: Decision Making
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2. Which statement is not true?
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a. Dealing withuncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability 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: Knowledgek k k k




TOPICS: A-Head: 1.2 Overview of the Bookk k k k k




OTHER: BUSPROG: Analytic | DISC: Decision Making
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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 kb. dealing with uncertainty k k k




c. decision making
k k d. data mining
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgek k k k




TOPICS: A-Head: 1.2 Overview of the Bookk k k k k




OTHER: BUSPROG: Analytic | DISC: Decision Making
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4. Data analysis includes:
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a. datadescription k b. data inference
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c. the search for relationships in data
k k k k k k d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgek k k k




TOPICS: A-Head: 1.2 Overview of the Bookk k k k k




Business Analytics: Data Analysis & Decision Making,

,OTHER: BUSPROG: Analytic | DISC: Decision Making
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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 model.
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b. Collect and summarize data.
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Business Analytics: Data Analysis & Decision Making,

, c. Verify the model. k k




d. Present the results. k k




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




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
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TOPICS: A-Head: 1.2 Overview of the Book k k k k k




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




6. Which of the following would not be included under data analysis?
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a. measuringuncertainty b. data description k k k




c. data inference
k k d. search for relationships
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
k k k k




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




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




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




b. decision analysis for problems with uncertainty
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c. sensitivityanalysis k




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




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




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




®
8. Which tool is an Exc el 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
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TOPICS: A-Head: 1.2 Overview of the Book k k k k k




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




Business Analytics: Data Analysis & Decision Making,