Test Bank for Business analytics data analysis decision making 6th edition by S Christian Albright and Winston Chapters 1-20 Covered

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Test Bank
Business analytics data analysis decision making
6th edition by S Christian Albright and Winston
Chapters 1-20 Covered




1. Introduction to Business Analytics. Part
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1: EXPLORING DATA.
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2. Describing the Distribution of a Single Variable.
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3. Finding Relationships among Variables. Part
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2: PROBABILITY AND DECISION MAKING UNDER UNCERTAINTY.
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4. Probability and Probability Distributions.
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5. Normal, Binomial, Poisson, and Exponential Distributions.
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6. Decision Making under Uncertainty. Part
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3: STATISTICAL INFERENCE.
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7. Sampling and Sampling Distributions.
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8. Confidence Interval Estimation.
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9. Hypothesis Testing. Part
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4: REGRESSION ANALYSIS AND TIME SERIES FORECASTING.
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10. Regression Analysis: Estimating Relationships.
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11. Regression Analysis: Statistical Inference.
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12. Time Series Analysis and Forecasting. Part
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5: OPTIMIZATION AND SIMULATION MODELING.
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13. Introduction to Optimization Modeling.
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14. Optimization Models.
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15. Introduction to Simulation Modeling.
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16. Simulation Models. Part
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6: ADVANCED DATA ANALYSIS.
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17. Data Mining. Part
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7: BONUS ONLINE MATERIAL.
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18. Importing Data into Excel.
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19. Analysis of Variance and Experimental Design.
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20. Statistical Process Control
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1. Introduction to Business Analytics
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1. Therdecision-makingrthemesrcoveredrinrBusinessrAnalytics:rDatarAnalysisr&rDecisionrMakingrincluderwhichrofrtherfollowing?
a. optimizationrtechniques b.r r decisionranalysisrwithruncertainty
c.r r structuredrsensitivityranalysis d.r r allrofrtheserchoices
ANSWER: d
POINTS: 1
DIFFICULTY: Easyr|rBloom's:rKnowledge
TOPICS: A-Head:r1-2rOverviewrofrtherBook
OTHER: BUSPROG:rAnalyticr|rDISC:rDecisionrMaking

2. Whichrstatementrisrnotrtrue?
a. Dealingrwithruncertaintyrincludesrmeasuringruncertainty.
b. Dealingrwithruncertaintyrincludesrmodelingruncertaintyrexplicitlyrintortheranalysis.
c. Dealingrwithruncertaintyrincludesreliminatingruncertaintyrbyrusingrthernormalrprobabilityrdistribution.
d. Dealingrwithruncertaintyrrequiresrarbasicrunderstandingrofrprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: Easyr|rBloom's:rKnowledge
TOPICS: A-Head:r1.2rOverviewrofrtherBook
OTHER: BUSPROG:rAnalyticr|rDISC:rDecisionrMaking

3. WhatrisrnotronerofrtherimportantrthemesrofryourrBusinessrAnalytics:rDatarAnalysisr&rDecisionrMakingrtext?
a. dataranalysis b. dealingrwithruncertainty
c. decisionrmaking d. datarmining
ANSWER: d
POINTS: 1
DIFFICULTY: Easyr|rBloom's:rKnowledge
TOPICS: A-Head:r1.2rOverviewrofrtherBook
OTHER: BUSPROG:rAnalyticr|rDISC:rDecisionrMaking
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