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