Test Bank Business Analytics Data Analysis and Decision Making 6th Edition By S. Christian Albright, Wayne L. Winston |All Chapters ( 1-20)

Test Bank Business Analytics Data Analysis and Decision Making 6th Edition By S. Christian Albright, Wayne L. Winston || Complete Exam With Questions & Answers All Chapters ( 1-20) | Updated 2024 A+ Bank Business Analytics Data Analysis and Decision Making 6th complete exam questions and answers Chapter 1-20 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 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? 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. ANSWER: c POINTS: 1 DIFFICULTY: Easy | Bloom's: Knowledge TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making 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 POINTS: 1 DIFFICULTY: Easy | Bloom's: Knowledge TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making 4. Data analysis includes: a. data description b. data inference c. the search for relationships in data d. all of these choices ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Knowledge TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making 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.