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