Test Bank – Business Analytics: Data Analysis and Decision Making, 6th Edition – S. Christian Albright & Wayne L. Winston – ISBN 9781305947542 (Full Chapters 1–20 Covered)

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Business Analytics
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Data Analysis and Decision
Making, 6th Edition
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TEST BANK
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S. Christian Albright, Wayne L. Winston
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Comprehensive Test Bank for Instructors and
Students
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9781305947542
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© S. Christian Albright & Wayne L. Winston. All rights
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reserved. Reproduction or distribution without permission is
prohibited.
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© MEDGEEK

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TABLE OF CONTENTS

Test Bank – Business Analytics: Data Analysis and Decision Making (6th Edition)
Authors: S. Christian Albright and Wayne L. Winston
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ISBN: 9781305947542

PART I: INTRODUCTION TO BUSINESS ANALYTICS

Chapter 1: Introduction to Business Analytics

PART II: DESCRIBING DATA
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Chapter 2: Describing the Distribution of a Single Variable
Chapter 3: Finding Relationships among Variables
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PART III: PROBABILITY AND DECISION MAKING UNDER UNCERTAINTY

Chapter 4: Probability and Probability Distributions
Chapter 5: Normal, Binomial, Poisson, and Exponential Distributions
Chapter 6: Decision Making under Uncertainty
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PART IV: STATISTICAL INFERENCE

Chapter 7: Sampling and Sampling Distributions
Chapter 8: Confidence Interval Estimation
Chapter 9: Hypothesis Testing
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PART V: REGRESSION ANALYSIS AND TIME SERIES FORECASTING

Chapter 10: Regression Analysis: Estimating Relationships
Chapter 11: Regression Analysis: Statistical Inference
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Chapter 12: Time Series Analysis and Forecasting

PART VI: OPTIMIZATION AND SIMULATION MODELING

Chapter 13: Introduction to Optimization Modeling
Chapter 14: Optimization Models
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Chapter 15: Introduction to Simulation Modeling
Chapter 16: Simulation Models
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PART VII: DATA MINING AND ADVANCED TOPICS
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Chapter 17: Data Mining
Chapter 18: Importing Data into Excel
Chapter 19: Analysis of Variance and Experimental Design
Chapter 20: Statistical Process Control
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
following?
a. optimization techniques b. decision analysis with uncertainty
c. structured sensitivity analysis d. all of these choices
ANSWER: d
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POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1-2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making

2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
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3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
a. data analysis b. dealing with uncertainty
c. decision making d. data mining
ANSWER: d
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POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
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4. Data analysis includes:
a. data description b. data inference
c. the search for relationships in data d. all of these choices
ANSWER: d
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POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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5. Which of the following is not one of the steps in the modeling process?
a. Select the scale for the model.
b. Collect and summarize data.
c. Verify the model.
d. Present the results.
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e. Implement the model and update it through time.
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, Ch1
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POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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6. Which of the following would not be included under data analysis?
a. measuring uncertainty b. data description
c. data inference d. search for relationships
ANSWER: a
POINTS: 1
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DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
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7. The decision making process includes:
a. optimization techniques for problems with no uncertainty
b. decision analysis for problems with uncertainty
c. sensitivity analysis
d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making

8. Which tool is an Excel® add-in for performing what-if analyses?
a. PrecisionTree
b. TopRank
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c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
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DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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9. Which of the following statements are true?
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
b. Data analysis includes data description, data inference, and the searching for relationships in data
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
problems with uncertainty, and structured sensitivity analysis.
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d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.

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