TEST BANK pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
7th Edition. S. Christian Albright, Wayne L. Winston
pd pd pd pd pd pd pd
pd Verified Chapters 1 - 19, Complete
pd pd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
,Chapter 1. Introduction to Business Analytics
pd pd pd pd pd
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of
pd pd pd pd pd pd pd pd pd pd pd pd pd pd
the
pd p following?
d
a. optimization techniques pd b. decision analysis with uncertainty
pd pd pd pd
c. structured sensitivity analysis
pd pd pd d. all of these choices
pd pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1-2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
2. Which statement is not true?
pd pd pd pd
a. Dealing with uncertainty includes measuring uncertainty.
pd pd pd pd pd
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
pd pd pd pd pd pd pd pd pd
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
pd pd pd pd pd pd pd pd pd pd pd
d. Dealing with uncertainty requires a basic understanding of probability.
pd pd pd pd pd pd pd pd
ANSWER: c
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd
a. data analysis b. dealing with uncertainty
pd pd pd pd
c. decision making
pd pd d. data mining
pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
4. Data analysis includes:
pd pd
a. data description pd b. data inference
pd pd
c. the search for relationships in data
pd pd pd pd pd pd d. all of these choices
pd pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
,OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
5. Which of the following is not one of the steps in the modeling process?
pd pd pd pd pd pd pd pd pd pd pd pd pd
a. Select the scale for the model.
pd pd pd pd pd
b. Collect and summarize data.
pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
, c. Verify the model. pd pd
d. Present the results. pd pd
e. Implement the model and update it through time.
pd pd pd pd pd pd pd
ANSWER: a
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
6. Which of the following would not be included under data analysis?
pd pd pd pd pd pd pd pd pd pd
a. measuring uncertainty b. data description
pd pd pd
c. data inference
pd pd d. search for relationships
pd pd pd
ANSWER: a
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
7. The decision making process includes:
pd pd pd pd
a. optimization techniques for problems with no uncertainty
pd pd pd pd pd pd
b. decision analysis for problems with uncertainty
pd pd pd pd pd
c. sensitivity analysis pd
d. all of these choices
pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
8. Which tool is an Excel add-in for performing what-if analyses?
pd pd pd pd pd
pd pd pd pd
®
p d
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
7th Edition. S. Christian Albright, Wayne L. Winston
pd pd pd pd pd pd pd
pd Verified Chapters 1 - 19, Complete
pd pd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
,Chapter 1. Introduction to Business Analytics
pd pd pd pd pd
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of
pd pd pd pd pd pd pd pd pd pd pd pd pd pd
the
pd p following?
d
a. optimization techniques pd b. decision analysis with uncertainty
pd pd pd pd
c. structured sensitivity analysis
pd pd pd d. all of these choices
pd pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1-2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
2. Which statement is not true?
pd pd pd pd
a. Dealing with uncertainty includes measuring uncertainty.
pd pd pd pd pd
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
pd pd pd pd pd pd pd pd pd
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
pd pd pd pd pd pd pd pd pd pd pd
d. Dealing with uncertainty requires a basic understanding of probability.
pd pd pd pd pd pd pd pd
ANSWER: c
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd pd
a. data analysis b. dealing with uncertainty
pd pd pd pd
c. decision making
pd pd d. data mining
pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
4. Data analysis includes:
pd pd
a. data description pd b. data inference
pd pd
c. the search for relationships in data
pd pd pd pd pd pd d. all of these choices
pd pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Bookpd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
,OTHER: BUSPROG: Analytic | DISC: Decision Making
pd pd pd pd pd
5. Which of the following is not one of the steps in the modeling process?
pd pd pd pd pd pd pd pd pd pd pd pd pd
a. Select the scale for the model.
pd pd pd pd pd
b. Collect and summarize data.
pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
, c. Verify the model. pd pd
d. Present the results. pd pd
e. Implement the model and update it through time.
pd pd pd pd pd pd pd
ANSWER: a
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
6. Which of the following would not be included under data analysis?
pd pd pd pd pd pd pd pd pd pd
a. measuring uncertainty b. data description
pd pd pd
c. data inference
pd pd d. search for relationships
pd pd pd
ANSWER: a
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
7. The decision making process includes:
pd pd pd pd
a. optimization techniques for problems with no uncertainty
pd pd pd pd pd pd
b. decision analysis for problems with uncertainty
pd pd pd pd pd
c. sensitivity analysis pd
d. all of these choices
pd pd pd
ANSWER: d
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Knowledge
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
8. Which tool is an Excel add-in for performing what-if analyses?
pd pd pd pd pd
pd pd pd pd
®
p d
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: p d Easy | Bloom's: Comprehension
pd pd pd
TOPICS: A-Head: 1.2 Overview of the Book pd pd pd pd pd
OTHER: BUSPROG: Analytic | DISC: Decision Making pd pd pd pd pd
Business Analytics: Data Analysis & Decision Making,
pd pd pd pd pd pd
