BUS 210 (wk 1) HW Questions and Answers with Complete Solutions

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BUS 210 (wk 1) HW Questions and Answers with
Complete Solutions




Which of the following is not a challenge faced by organizations
that want to develop analytics capabilities?
A.
competing business priorities
B.
a lack of understanding of how to use analytics
C.
difficulty in getting good data and sharing information
D.
profitability and customer satisfaction - ANSWER profitability
and customer satisfaction


What does business analytics use to help managers make better
decisions?
A.
statistical analysis and quantitative methods

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B.
mathematical or computer-based models
C.
data and information technology
D.
All of the above - ANSWER All of the above


Which of the following statements is correct about prescriptive
analytics?
A.
Prescriptive analytics uses data to determine a course of action
to be executed in a given situation.
B.
Prescriptive analytics detects patterns in historical data and
extrapolates them forward in time.
C.
Prescriptive analytics summarizes data into meaningful charts
and reports that can be standardized or customized.
D.