MSIS 3223 Quizzes And Answers.
False - correct answer Descriptive analytics helps detect hidden patterns in large
quantities of data to group data into sets to predict behavior (T/F).
False - correct answer A manager at Academy wishes to know the company's
revenue and profit in its previous quarter. Predictive analytics is what the
manager should use for this task (T/F).
True - correct answer Prescriptive analytics can help a company address the best
way of shipping goods from their factories to minimize costs (T/F).
False - correct answer Analyzing the problem is the first phase in decision
making (T/F).
True - correct answer Product mix is determined by top managers (T/F).
True - correct answer A deterministic model is one in which all model input
information is either known or assumed to be known with certainty (T/F).
True - correct answer The demand for professionals with analytics expertise has
skyrocketed (T/F).
,True - correct answer Modern business analytics can be viewed as an integration
of Business Intelligence, Information Systems, statistics, and modeling and
optimization (T/F).
True - correct answer Statistics has a long and rich history, yet only rather
recently has it been recognized as an important element of business, driven to a
large extent by the massive growth of data in today's world (T/F).
True - correct answer Decision models typically have three types of input: Data,
uncontrollable inputs, and decision options (T/F).
True - correct answer AND(condition 1, condition 2...) is a logical function that
returns TRUE if all conditions are true and FALSE if not (T/F).
True - correct answer The Pareto principle is often called the "80--20 rule" (T/F).
False - correct answer The filter tool extracts records meeting the specified
criteria, deleting any records that don't match the criteria (T/F).
True - correct answer Three useful logical functions in business analytics
applications are IF, AND, and OR followed by conditions in parentheses (T/F).
, True - correct answer Form controls are buttons, boxes, and other mechanisms
for inputting or changing data on spreadsheets easily and used to design user-
friendly spreadsheets (T/F).
True - correct answer PivotTables may be used to facilitate data visualization and
statistical analysis of data sets (T/F).
False - correct answer Excel has a tool called 'dicers' for drilling down data in a
PivotTable to display as subject of that data (T/F).
True - correct answer A database is a collection of related files (tables) containing
records on people, places, or things (T/F).
False - correct answer Empirical data is data that comes from an organization's
daily operations (T/F).
True - correct answer A data set is simply a collection of data (T/F).
True - correct answer Dashboards may include tabular as well as visual data to
help a manager to quickly locate key information (T/F).
True - correct answer Excel distinguishes between vertical and horizontal bar
charts, calling the former column charts and the latter bar charts (T/F).
False - correct answer Descriptive analytics helps detect hidden patterns in large
quantities of data to group data into sets to predict behavior (T/F).
False - correct answer A manager at Academy wishes to know the company's
revenue and profit in its previous quarter. Predictive analytics is what the
manager should use for this task (T/F).
True - correct answer Prescriptive analytics can help a company address the best
way of shipping goods from their factories to minimize costs (T/F).
False - correct answer Analyzing the problem is the first phase in decision
making (T/F).
True - correct answer Product mix is determined by top managers (T/F).
True - correct answer A deterministic model is one in which all model input
information is either known or assumed to be known with certainty (T/F).
True - correct answer The demand for professionals with analytics expertise has
skyrocketed (T/F).
,True - correct answer Modern business analytics can be viewed as an integration
of Business Intelligence, Information Systems, statistics, and modeling and
optimization (T/F).
True - correct answer Statistics has a long and rich history, yet only rather
recently has it been recognized as an important element of business, driven to a
large extent by the massive growth of data in today's world (T/F).
True - correct answer Decision models typically have three types of input: Data,
uncontrollable inputs, and decision options (T/F).
True - correct answer AND(condition 1, condition 2...) is a logical function that
returns TRUE if all conditions are true and FALSE if not (T/F).
True - correct answer The Pareto principle is often called the "80--20 rule" (T/F).
False - correct answer The filter tool extracts records meeting the specified
criteria, deleting any records that don't match the criteria (T/F).
True - correct answer Three useful logical functions in business analytics
applications are IF, AND, and OR followed by conditions in parentheses (T/F).
, True - correct answer Form controls are buttons, boxes, and other mechanisms
for inputting or changing data on spreadsheets easily and used to design user-
friendly spreadsheets (T/F).
True - correct answer PivotTables may be used to facilitate data visualization and
statistical analysis of data sets (T/F).
False - correct answer Excel has a tool called 'dicers' for drilling down data in a
PivotTable to display as subject of that data (T/F).
True - correct answer A database is a collection of related files (tables) containing
records on people, places, or things (T/F).
False - correct answer Empirical data is data that comes from an organization's
daily operations (T/F).
True - correct answer A data set is simply a collection of data (T/F).
True - correct answer Dashboards may include tabular as well as visual data to
help a manager to quickly locate key information (T/F).
True - correct answer Excel distinguishes between vertical and horizontal bar
charts, calling the former column charts and the latter bar charts (T/F).
