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Exam (elaborations)

Test Bank for Introduction to Business Analytics, 1st Edition by Vernon Richardson

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Test Bank for Introduction to Business Analytics, 1e 1st Edition by Vernon Richardson, Marcia Watson. Full Chapters test bank included Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions Chapter 2: Obtain the Data: An Introduction to Business Data Sources Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics) Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics) Chapter 6: Report the Results: Using Data Visualization Chapter 7: Marketing Analytics Chapter 8: Accounting Analytics Chapter 9: Financial Analytics Chapter 10: Operations Analytics Chapter 11: Advanced Business Analytics

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Institution
Introduction To Statistics
Course
Introduction to Statistics










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Institution
Introduction to Statistics
Course
Introduction to Statistics

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Uploaded on
June 8, 2023
Number of pages
482
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

Chapter 01


1. Award: 10.00 points




A business process is a coordinated, standardized set of activities conducted by both people and
equipment to accomplish a specific business task.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.01 Define a
business process and explain why
increased data availability has given rise
to the role of the business analyst.



2. Award: 10.00 points




A business analyst is a data scientist who collects data to help an organization make effective
business decisions.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.01 Define a
business process and explain why
increased data availability has given rise
to the role of the business analyst.

,3. Award: 10.00 points




Data is defined as information organized in a meaningful way to be useful to the user.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.02 Differentiate
between data and information.



4. Award: 10.00 points




Information is defined as being data organized in a meaningful way to be useful to the user in a
given context.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.02 Differentiate
between data and information.

, 5. Award: 10.00 points




A data scientist is a liaison between decision makers and business analysts.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.03 Summarize the
role of the business analyst.



6. Award: 10.00 points




Operations analytics uses business analytics to measure and improve the efficiency and
effectiveness of the company’s operations.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01.04 Describe how
the various business functions use
business analytics.

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