Complete Solution Manual for Introduction to Business Analytics, 1st Edition by Vernon Richardson and Marcia Watson - All Chapters 1-12

Chapterj01j–jSpecifyjthejQuestion:jUsingjBusinessjAnalyticsjtojAddressjBusinessjQuestions


Solution Manual for Introduction to Business Analytics,
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1st Edition
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By Vernon Richardson and Marcia Watson
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Verified Chapter's 1 - 12 | Complete
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, Chapterj01j–jSpecifyjthejQuestion:jUsingjBusinessjAnalyticsjtojAddressjBusinessjQuestions




TABLE OF CONTENTS j j j




Chapterj1:jSpecifyjthejQuestion:jUsingjBusinessjAnalyticsjtojAddressjBusinessjQuestionsjj

Chapterj2:jObtainjthejData:jAnjIntroductionjtojBusinessjDatajSourcesjj

Chapterj3:jAnalyzejthejData:jBasicjStatisticsjandjToolsjRequiredjinjBusinessjAnalyticsjj

Chapterj4:jAnalyzejthejData:jExploratoryjBusinessjAnalyticsj(DescriptivejAnalyticsjandjDiagnosticjAnalytics)jj

Chapterj5:jAnalyzejthejData:jConfirmatoryjBusinessjAnalyticsj(PredictivejAnalyticsjandjPrescriptivejAnalytics)jj

Chapterj6:jReportjthejResults:jUsingjDatajVisualizationjj

Chapterj7:jMarketingjAnalyticsjj

Chapterj8:jAccountingjAnalyticsjj

Chapterj9:jFinancialjAnalyticsjj

Chapterj10:jOperationsjAnalyticsjj

Chapterj11:jAdvancedjBusinessjAnalyticsjj

Chapterj12:jUsingjthejSOARjAnalyticsjModeljtojPutjItjAlljTogether:jThreejCapstonejProjectsjj

, Chapterj01j–jSpecifyjthejQuestion:jUsingjBusinessjAnalyticsjtojAddressjBusinessjQuestions



Chapter 1 End-of-Chapter Assignment Solutions
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MultiplejChoicejQuestions
1. (LOj1.1)jAjcoordinated,jstandardizedjsetjofjactivitiesjconductedjbyjbothjpeoplejandjequipmentjtojaccomplishjajspec
ificjbusinessjtaskjisjcalled .
a. businessjprocesses
b. businessjanalysis
c. businessjprocedure
d. businessjvalue

2. (LOj1.2)jAccordingjtojthejinformationjvaluejchain,jdatajcombinedjwithjcontextjis
a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LOj1.5)jWhichjphasejofjthejSOARjanalyticsjmodeljaddressesjthejproperjwayjtojcommunicatejresultsjtojthejdeci
sionjmaker?
a. Specifyjthejquestion
b. Obtainjthejdata
c. Analyzejthejdata
d. Reportjthejresults

4. (LOj1.5)jWhichjphasejofjthejSOARjanalyticsjmodeljinvolvesjfindingjthejmostjappropriatejdatajneededjtojaddressjthejb
usinessjquestion?
a. Specifyjthejquestion
b. Obtainjthejdata
c. Analyzejthejdata
d. Reportjthejresults

5. (LOj1.5)jWhichjquestionsjseekjinformationjaboutjTesla’sjsalesjinjthejnextjquarter?
a. Whatjhappened?jWhatjisjhappening?
b. Whyjdidjitjhappen?jWhatjarejthejcausesjofjpastjresults?
c. Willjitjhappenjinjthejfuture?jWhatjisjthejprobabilityjsomethingjwilljhappen?jCanjwejforecastjwhatjwillj
happen?
d. Whatjshouldjwejdo,jbasedjonjwhatjwejexpectjwilljhappen?jHowjdojwejoptimizejourjperformancejbasedjonjp
otentialjconstraints?


6. (LOj1.5)jWhichjquestionsjseekjinformationjonjthejroutingjofjproductsjfromjQueretaro,jMexicojtojChicago,jUnit
edjStatesjinjthejlastjquarter?
a. Whatjhappened?jWhatjisjhappening?
b. Whyjdidjitjhappen?jWhatjarejthejcausesjofjpastjresults?
c. Willjitjhappenjinjthejfuture?jWhatjisjthejprobabilityjsomethingjwilljhappen?jCanjwejforecastjwhatjwilljhap
pen?
d. Whatjshouldjwejdo,jbasedjonjwhatjwejexpectjwilljhappen?jHowjdojwejoptimizejourjperformancejbasedjonjp
otentialjconstraints?

, Chapterj01j–jSpecifyjthejQuestion:jUsingjBusinessjAnalyticsjtojAddressjBusinessjQuestions
7. (LOj1.5)jWhichjquestionsjaskjwhyjnetjincomejisjincreasingjwhenjrevenuesjarejdecreasing,jcounterjtojexp
ectations?
a. Whatjhappened?jWhatjisjhappening?
b. Whyjdidjitjhappen?jWhatjarejthejcausesjofjpastjresults?
c. Willjitjhappenjinjthejfuture?jWhatjisjthejprobabilityjsomethingjwilljhappen?jCanjwejforecastjwhatjwilljhap
pen?
d. Whatjshouldjwejdo,jbasedjonjwhatjwejexpectjwilljhappen?jHowjdojwejoptimizejourjperformancejbasedjonjp
otentialjconstraints?

8. (LOj1.5)jWhichjquestionsjhelpjmanagersjunderstandjhowjtojorganizejfuturejshipmentsjbasedjonjexpectedjde
mand?
a. Whatjhappened?jWhatjisjhappening?
b. Whyjdidjitjhappen?jWhatjarejthejcausesjofjpastjresults?
c. Willjitjhappenjinjthejfuture?jWhatjisjthejprobabilityjsomethingjwilljhappen?jCanjwejforecastjwhatjwilljhap
pen?
d. Whatjshouldjwejdo,jbasedjonjwhatjwejexpectjwilljhappen?jHowjdojwejoptimizejourjperformancejbas
edjonjpotentialjconstraints?

9. (LOj1.5)jWhichjtermjrefersjtojthejcombinedjaccuracy,jvalidity,jandjconsistencyjofjdatajstoredjandjusedjoverjtime
?
a. Datajintegrity
b. Datajoverload
c. Datajvalue
d. Informationjvalue

10. (LOj1.3)jAjspecialistjwhojknowsjhowjtojworkjwith,jmanipulate,jandjstatisticallyjtestjdatajisja
a. decisionjmaker.
b. datajscientist.
c. datajanalyst.
d. decisionjscientist.

11. (LOj1.4)jWhichjtypejofjanalystsjpredictsjthejamountjofjmoneyjthatjajcompanyjwilljreceivejfromjitsjcustomersjtojhelpj
managementjevaluatejfuturejinvestmentsjbasedjonjexpectedjinvestmentjperformance,jsuchjasjinvestmentsjinjequi
pmentjorjemployeejtraining?
a. Marketingjanalyst
b. Operationsjanalyst
c. Financialjanalyst
d. Accountingjanalyst

12. (LOj1.4)jWhichjtypejofjanalystjaddressesjquestionsjregardingjtaxjandjauditing?
a. Marketingjanalyst
b. Operationsjanalyst
c. Financialjanalyst
d. Accountingjanalyst

13. (LOj1.5)jSupposejajcompanyjhasjtimelyjproductjreviewsjthatjarejavailablejwhenjneeded,jbutjthejreviewsjarejbias
ed.jThesejproductjreviewsjarejwhichjtypejofjdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©jMcGrawjHilljLLC.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGrawjHilljLLC.



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