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

TEST BANK cii cii




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




7th Edition. S. Christian Albright, Wayne L. Winston
cii cii cii cii cii cii cii




ii Verified Chapters 1 - 19, Complete
cii cii cii cii cii




Business Analytics: Data Analysis & Decision
c c c c c



Making,
c

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




1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which
c c c c c c c c c c c c c


of the following?
c c


a. optimizationtechniques b. decision analysis with uncertainty
c c c c



c. structured sensitivity analysis
c c c d. all of these choices
c c c c



ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c



TOPICS: A-Head: 1-2 Overview of the Bookc c c c c



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




2. Which statement is not true?
c c c c



a. Dealing with uncertainty includes measuring uncertainty.
c c c c c



b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c c c c c c c c c



c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
c c c c c c c c c c c



d. Dealing with uncertainty requires a basic understanding of probability.
c c c c c c c c



ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c



TOPICS: A-Head: 1.2 Overview of the Bookc c c c c



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




3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
c c c c c c c c c c c c c c c c c


a. data analysis b. dealing with uncertainty
c c c c



c. decision making
c c d. data mining
c c



ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c



TOPICS: A-Head: 1.2 Overview of the Bookc c c c c



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




4. Data analysis includes:
c c


a. data description c b. data inference
c c



c. the search for relationships in data d. all of these choices
c c c c c c c c c c



ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c



TOPICS: A-Head: 1.2 Overview of the Bookc c c c c




Business Analytics: Data Analysis & Decision c c c c c



Making,
c

,OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c




5. Which of the following is not one of the steps in the modeling process?
c c c c c c c c c c c c c



a. Select the scale for the model.
c c c c c



b. Collect and summarize data.
c c c




Business Analytics: Data Analysis & Decision
c c c c c



Making,
c

, c. Verify the model. c c



d. Present the results. c c



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



ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c



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



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




6. Which of the following would not be included under data analysis?
c c c c c c c c c c


a. measuringuncertainty b. data description c c



c. data inference
c c d. search for relationships
c c c



ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c



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



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




7. The decision making process includes:
c c c c


a. optimization techniques for problems with no uncertainty
c c c c c c



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



c. sensitivity analysis c



d. all of these choices
c c c



ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c



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



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




8. Which tool is an
c c c
add-in for performing what-if analyses?
c c c c

c Execl
®

a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c



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



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




Business Analytics: Data Analysis & Decision c c c c c



Making,
c