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Exam (elaborations)

Business Analytics: Communicating with Numbers 2nd Edition by Jaggia, Kelly and Lertwachara - All Chapters 1-18 | TEST BANK

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Business Analytics: Communicating with Numbers 2nd Edition by Sanjiv Jaggia Professor, Alison Kelly Professor and Kevin Lertwachara. ISBN10: 0 ISBN13: 2802. All Chapters 1-18. 4 30 Pages. TEST BANK. TABLE OF CONTENTS Chapter 1: Introduction to Business Analytics Chapter 2: Data Management and Wrangling Chapter 3: Summary Measures Chapter 4: Data Visualization Chapter 5: Probability and Probability Distributions Chapter 6: Statistical Inference Chapter 7: Regression Analysis Chapter 8: More Topics in Regression Analysis Chapter 9: Logistic Regression Chapter 10: Forecasting with Time Series Data Chapter 11: Introduction to Data Mining Chapter 12: Supervised Data Mining: k-Nearest Neighbors and Naive Bayes Chapter 13: Supervised Data Mining: Decision Trees Chapter 14: Unsupervised Data Mining Chapter 15: Spreadsheet Modeling Chapter 16: Risk Analysis and Simulation Chapter 17: Optimization: Linear Programming Chapter 18: More Applications in Optimization

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Institution
Business Analytics
Course
Business Analytics

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Uploaded on
February 18, 2023
Number of pages
429
Written in
2022/2023
Type
Exam (elaborations)
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Subjects

  • alison kel

Content preview

,CHAPTER 1
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The ability to use qualitative reasoning with quantitative tools allows management to
make decisions to improve business performance.
⊚ true
⊚ false


2) The use of historical information to predict what could happen in the future describes
prescriptive analytics.
⊚ true
⊚ false


3) Data are the compilation of facts, figures, or other contents, both numerical and non-
numerical.
⊚ true
⊚ false


4) Generally speaking, it is not feasible to obtain complete population data due to expense
and near impossibility to examine every member of the population.
⊚ true
⊚ false


5) Collecting height data annually on the sample set of participants is an example of time
series data.
⊚ true
⊚ false


6) Structured and unstructured data are only machine generated.
⊚ true
⊚ false


7) Numerical variables are either discrete or continuous.




Version 1 1

, ⊚ true
⊚ false


8) When each piece of data in a file is separated by a comma, it is called delimiter and the
file is called a comma-spliced file.
⊚ true
⊚ false


9) When coding in HTML, <table> is a tag used to provide structure for textual data.
⊚ true
⊚ false


10) In XML, tags are not case-sensitive and are interchangeable. For example, <City>and
<city>represent the same pieces of information.
⊚ true
⊚ false


11) Sally created a table that summarizes the dollar amount of last year’s sales for each store.
This is an example of descriptive analytics.
⊚ true
⊚ false


12) Social media data, such as Twitter, Facebook, and TicTok are examples of structured
data.
⊚ true
⊚ false


13) The characteristics marital status and income are examples of observations.
⊚ true
⊚ false




Version 1 2

, MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
14) Which of the following broad categories is not a type of analytic technique?

A) manipulative analytics
B) descriptive analytics
C) predictive analytics
D) prescriptive analytics



15) The people of Appleton, WI represent the __________blank, whereas we analyze the
education level of a subset or __________blank to make inferences about the population.

A) information; cross-section
B) population; information
C) items; sample
D) population; sample



16) A massive volume of both structured and unstructured data that is extremely difficult to
manage, process, and analyze is known by which catch phrase?

A) wrangling
B) big data
C) data mining
D) general data



17) The 2019 FIFA Women’s World Cup contained 52 matches in total with 24 teams
competing. The use of __________blank data will display team standings during and at the end
of the tournament.

A) split-section
B) organized
C) cross-sectional
D) numerical




Version 1 3

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