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

TEST.BANK.

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




Business.Analytics:.Data.Analysis.&.Decision.Making,

,Chapter.1..Introduction.to.Business.Analytics

1. The.decision-
making.themes.covered.in.Business.Analytics:.Data.Analysis.&.Decision.Making.include.which.of.the. following?
a. optimization.techniques b..decision.analysis.with.uncertainty
c..structured.sensitivity.analysis d..all.of.these.choices
ANSWER: d
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Knowledge
TOPICS: A-Head:.1-2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

2. Which.statement.is.not.true?
a. Dealing.with.uncertainty.includes.measuring.uncertainty.
b. Dealing.with.uncertainty.includes.modeling.uncertainty.explicitly.into.the.analysis.
c. Dealing.with.uncertainty.includes.eliminating.uncertainty.by.using.the.normal.probability.distribution.
d. Dealing.with.uncertainty.requires.a.basic.understanding.of.probability.
ANSWER: c
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Knowledge
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

3. What.is.not.one.of.the.important.themes.of.your.Business.Analytics:.Data.Analysis.&.Decision.Making.text?
a. data.analysis b..dealing.with.uncertainty
c..decision.making d..data.mining
ANSWER: d
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Knowledge
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

4. Data.analysis.includes:
a. data.description b..data.inference
c.. the.search.for.relationships.in.data d..all.of.these.choices
ANSWER: d

Business.Analytics:.Data.Analysis.&.Decision.Making,

,POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Knowledge
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

5. Which.of.the.following.is.not.one.of.the.steps.in.the.modeling.process?
a. Select.the.scale.for.the.model.
b. Collect.and.summarize.data.




Business.Analytics:.Data.Analysis.&.Decision.Making,

, c. Verify.the.model.
d. Present.the.results.
e. Implement.the.model.and.update.it.through.time.
ANSWER: a
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Comprehension
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

6. Which.of.the.following.would.not.be.included.under.data.analysis?
a. measuring.uncertainty b..data.description
c..data.inference d..search.for.relationships
ANSWER: a
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Comprehension
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

7. The.decision.making.process.includes:
a. optimization.techniques.for.problems.with.no.uncertainty
b. decision.analysis.for.problems.with.uncertainty
c. sensitivity.analysis
d. all.of.these.choices
ANSWER: d
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Knowledge
TOPICS: A-Head:.1.2.Overview.of.the.Book
OTHER: BUSPROG:.Analytic.|.DISC:.Decision.Making

®
8. Which.tool.is.an.Exc..el add-in.for.performing.what-if.analyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY:. Easy.|.Bloom's:.Comprehension

Business.Analytics:.Data.Analysis.&.Decision.Making,