Solution Manual for Introduction to Business Analytics, 1st Edition by Richardson and Watson

Solution Manual for Introduction to Business Analytics,
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1st Edition by Richardson and Watson
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Verified Chapter's 1 - 12 | Complete
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,TABLE OF CONTENTS
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Chaptert1:tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestionstt

Chaptert2:tObtaintthetData:tAntIntroductionttotBusinesstDatatSourcestt

Chaptert3:tAnalyzetthetData:tBasictStatisticstandtToolstRequiredtintBusinesstAnalyticstt

Chaptert4:tAnalyzetthetData:tExploratorytBusinesstAnalyticst(DescriptivetAnalyticstandtDiagnostictAnalytics)tt

Chaptert5:tAnalyzetthetData:tConfirmatorytBusinesstAnalyticst(PredictivetAnalyticstandtPrescriptivetAnalytics)tt

Chaptert6:tReporttthetResults:tUsingtDatatVisualizationtt

Chaptert7:tMarketingtAnalyticstt

Chaptert8:tAccountingtAnalyticstt

Chaptert9:tFinancialtAnalyticstt

Chaptert10:tOperationstAnalyticstt

Chaptert11:tAdvancedtBusinesstAnalyticstt

Chaptert12:tUsingtthetSOARtAnalyticstModelttotPuttIttAlltTogether:tThreetCapstonetProjectstt

, Chapter 1 End-of-Chapter Assignment Solutions
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MultipletChoicetQuestions
1. (LOt1.1)tAtcoordinated,tstandardizedtsettoftactivitiestconductedtbytbothtpeopletandtequipmentttotaccomplishtatspecific
tbusinessttasktistcalled .
a. businesstprocesses
b. businesstanalysis
c. businesstprocedure
d. businesstvalue
2. (LOt1.2)tAccordingttotthetinformationtvaluetchain,tdatatcombinedtwithtcontexttis
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltaddressestthetpropertwayttotcommunicatetresultsttotthetdecisiont
maker?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
4. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltinvolvestfindingtthetmosttappropriatetdatatneededttotaddresstthetbus
inesstquestion?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
5. (LOt1.5)tWhichtquestionstseektinformationtabouttTesla’stsalestintthetnexttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillth
appen?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?


6. (LOt1.5)tWhichtquestionstseektinformationtontthetroutingtoftproductstfromtQueretaro,tMexicottotChicago,tUnitedtSt
atestintthetlasttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?

, Chaptert01t–tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestions
7. (LOt1.5)tWhichtquestionstasktwhytnettincometistincreasingtwhentrevenuestaretdecreasing,tcounterttotexpectat
ions?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
8. (LOt1.5)tWhichtquestionsthelptmanagerstunderstandthowttotorganizetfuturetshipmentstbasedtontexpectedtdeman
d?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbase
dtontpotentialtconstraints?
9. (LOt1.5)tWhichttermtrefersttotthetcombinedtaccuracy,tvalidity,tandtconsistencytoftdatatstoredtandtusedtoverttime?
a. Datatintegrity
b. Datatoverload
c. Datatvalue
d. Informationtvalue

10. (LOt1.3)tAtspecialisttwhotknowsthowttotworktwith,tmanipulate,tandtstatisticallyttesttdatatista
a. decisiontmaker.
b. datatscientist.
c. datatanalyst.
d. decisiontscientist.
11. (LOt1.4)tWhichttypetoftanalyststpredictstthetamounttoftmoneytthattatcompanytwilltreceivetfromtitstcustomersttothelptmana
gementtevaluatetfuturetinvestmentstbasedtontexpectedtinvestmenttperformance,tsuchtastinvestmentstintequipmenttortem
ployeettraining?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
12. (LOt1.4)tWhichttypetoftanalysttaddressestquestionstregardingttaxtandtauditing?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
13. (LOt1.5)tSupposetatcompanythasttimelytproducttreviewstthattaretavailabletwhentneeded,tbuttthetreviewstaretbiased
.tThesetproducttreviewstaretwhichttypetoftdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©tMcGrawtHilltLLC.tAlltrightstreserved.tNotreproductiontortdistributiontwithouttthetpriortwrittentconsenttoftMcGrawtHilltLLC.




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