Business Analytics: Data Analysis & Decision
bk bk bk bk bk
Making,
bk
TEST BANK Business Analytics: Data Analysis & Decision
bk bk bk bk bk bk bk bk
bk Making,7th Edition. S. Christian Albright, Wayne L. Winston
bk bk bk bk bk bk bk
Verified Chapters 1 - 19, Complete
bk bk bk bk bk
Business Analytics: Data Analysis & Decision
bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
Chapter 1. Introduction to Business Analytics
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk b k following?
a. optimization techniques b. decision analysis with uncertainty
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c. structured sensitivity analysis
bk d. all of these choices
bk bk bk bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1-2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
bk bk bk bk bk
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
bk bk bk bk bk bk bk bk bk bk bk
d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk
a. data analysis bkb. dealing with uncertainty bk bk bk
c. decision making
bk d. data mining
bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
4. Data analysis includes:
bk bk
a. data description bk b. data inference bk bk
c. the search for relationships in data
bk bk d. all of these choices
bk bk bk bk bk bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model.
bk bk bk bk bk
b. Collect and summarize data.
bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
c. Verify the model. bk bk
d. Present the results. bk bk
e. Implement the model and update it through time.bk bk bk bk bk bk bk
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description
bk bk bk
c. data inference
bk bk d. search for relationships bk bk bk
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty
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b. decision analysis for problems with uncertainty
bk bk bk bk bk
c. sensitivity analysis bk
d. all of these choices
bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
8. Which tool is an Exc el add-in for performing what-if analyses?
bk bk bk bk
bk bk bk bk
®
b k
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
bk bk bk bk bk bk bk bk bk bk bk bk
b. Data analysis includes data description, data inference, and the searching for relationships in data
bk bk bk bk bk bk bk bk bk bk bk bk bk
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
bk bk bk bk bk bk bk bk bk bk bk bk
b k problems with uncertainty, and structured sensitivity analysis.
bk bk bk bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
bk bk bk bk bk bk bk bk bk bk bk bk
e. All of these statements are true.
bk bk bk bk bk
ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
10. Data analysis includes data description, data inference, and the search for relationships in data.
bk bk bk bk bk bk bk bk bk bk bk bk bk
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
bk bk bk bk bk bk bk bk bk bk bk bk
b k certainty, and structured sensitivity analysis.
bk bk bk bk
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
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b kthat companies currently encounter.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk
b k decision- making, and dealing with uncertainty.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
bk bk bk bk bk
Making,
bk
TEST BANK Business Analytics: Data Analysis & Decision
bk bk bk bk bk bk bk bk
bk Making,7th Edition. S. Christian Albright, Wayne L. Winston
bk bk bk bk bk bk bk
Verified Chapters 1 - 19, Complete
bk bk bk bk bk
Business Analytics: Data Analysis & Decision
bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
Chapter 1. Introduction to Business Analytics
bk bk bk bk bk
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk b k following?
a. optimization techniques b. decision analysis with uncertainty
bk bk bk bk bk
c. structured sensitivity analysis
bk d. all of these choices
bk bk bk bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1-2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
2. Which statement is not true?
bk bk bk bk
a. Dealing with uncertainty includes measuring uncertainty.
bk bk bk bk bk
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
bk bk bk bk bk bk bk bk bk
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
bk bk bk bk bk bk bk bk bk bk bk
d. Dealing with uncertainty requires a basic understanding of probability.
bk bk bk bk bk bk bk bk
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk
a. data analysis bkb. dealing with uncertainty bk bk bk
c. decision making
bk d. data mining
bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
4. Data analysis includes:
bk bk
a. data description bk b. data inference bk bk
c. the search for relationships in data
bk bk d. all of these choices
bk bk bk bk bk bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
5. Which of the following is not one of the steps in the modeling process?
bk bk bk bk bk bk bk bk bk bk bk bk bk
a. Select the scale for the model.
bk bk bk bk bk
b. Collect and summarize data.
bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
c. Verify the model. bk bk
d. Present the results. bk bk
e. Implement the model and update it through time.bk bk bk bk bk bk bk
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
6. Which of the following would not be included under data analysis?
bk bk bk bk bk bk bk bk bk bk
a. measuring uncertainty b. data description
bk bk bk
c. data inference
bk bk d. search for relationships bk bk bk
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
7. The decision making process includes:
bk bk bk bk
a. optimization techniques for problems with no uncertainty
bk bk bk bk bk bk
b. decision analysis for problems with uncertainty
bk bk bk bk bk
c. sensitivity analysis bk
d. all of these choices
bk bk bk
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
8. Which tool is an Exc el add-in for performing what-if analyses?
bk bk bk bk
bk bk bk bk
®
b k
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
9. Which of the following statements are true?
bk bk bk bk bk bk
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
bk bk bk bk bk bk bk bk bk bk bk bk
b. Data analysis includes data description, data inference, and the searching for relationships in data
bk bk bk bk bk bk bk bk bk bk bk bk bk
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
bk bk bk bk bk bk bk bk bk bk bk bk
b k problems with uncertainty, and structured sensitivity analysis.
bk bk bk bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
, Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
bk bk bk bk bk bk bk bk bk bk bk bk
e. All of these statements are true.
bk bk bk bk bk
ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
10. Data analysis includes data description, data inference, and the search for relationships in data.
bk bk bk bk bk bk bk bk bk bk bk bk bk
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
bk bk bk bk bk bk bk bk bk bk bk bk
b k certainty, and structured sensitivity analysis.
bk bk bk bk
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk
b kthat companies currently encounter.
bk bk bk
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bk bk bk bk bk bk bk bk bk bk bk bk bk bk bk
b k decision- making, and dealing with uncertainty.
bk bk bk bk bk
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
bk bk bk bk
TOPICS: A-Head: 1.2 Overview of the Book bk bk bk bk bk
OTHER: BUSPROG: Analytic | DISC: Decision Making bk bk bk bk bk
Business Analytics: Data Analysis & Decision bk bk bk bk bk
Making,
bk
