Chapterxxx 01xxx –
Solution Manual for Introduction to Business Analytics,
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1st Edition
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By Vernon Richardson and Marcia Watson
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Verified Chapter's 1 - 12 | Complete
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, Chapterxxx 01xxx –
TABLE OF CONTENTS x x
Chapter 1: Specifyx thexxx Question:xxx Usingxxx Businessxxx Analyticsxxx toxxx Addressxxx Businessxxx Questions
Chapter 2: Obtainx thexxx Data:xxx Anxxx Introductionxxx toxxx Businessxxx Dataxxx Sources
Chapterx 3:xxx Analyzexxx thexxx Data:xxx Basicxxx Statisticsxxx andxxx Toolsxxx Requiredxxx inxxx Businessxxx Analytics
Chapterx 4:x Analyzex thex Data:x Exploratoryx Businessx Analyticsx (Descriptivex Analyticsx andx DiagnosticxAnalytic
s)
Chapterx 5:xxx Analyzexxx thexxx Data:xxx Confirmatoryxxx Businessxxx Analyticsxxx (Predictivexxx Analyticsxxx andxxx Prescriptivxex
Analytics)
Chapter 6: Reportx thexxx Results:xxx Usingxxx Dataxxx Visualization
Chapter 7: Marketingx Analytics
Chapter 8: Accountingx Analytics
Chapter 9: Financialx Analytics
Chapter 10: Operationsx Analytics
Chapter 11: Advancedx Businessxxx Analytics
Chapter 12: Usingx thexxx SOARxxx Analyticsxxx Modelxxx toxxx Putxxx Itxxx Allxxx Together:xxx Threexxx Capstonexxx Projects
, Chapterxxx 01xxx –
Chapter 1 End-of-Chapter Assignment Solutions
x x x x
Multiplex Choicexxx Questions
1. (LOxxx1.1)xxxAxxxcoordinated,xxxstandardizedxxxsetxxxofxxxactivitiesxxxxconductedxxxbyxxxbothxxxxpeoplexxxandxxxequipmexntx t
ox accomplishx ax specificx businessx taskx isx called.
a. businessx processes
b. businessx analysis
c. businessx procedure
d. businessx value
2. (LOx 1.2)xxx Accordingxxx toxxx thexxx informationxxx valuexxx chain,xxx dataxxx combinedxxx withxxx contextxxx is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOx 1.5)x Whichx phasex ofx thex SOARx analyticsx modelxxx addressesxxx thexxx properxxx wayxxx toxxx communxicatex r
esultsx tox thex decisionx maker?
a. Specifyx thexxx question
b. Obtainx thexxx data
c. Analyzex thexxx data
d. Reportx thexxx results
4. (LOx 1.5)x Whichx phasex ofx thex SOARx analyticsx modelx involvesx findingx thex mostx appropriatexxx dataxneededx
tox addressx thex businessx question?
a. Specifyx thexxx question
b. Obtainx thexxx data
c. Analyzex thexxx data
d. Reportx thexxx results
5. (LOx 1.5)xxx Whichxxx questionsxxx seekxxx informationxxx aboutxxx Tesla’sxxx salesxxx inxxx thexxx nextxxx quarter?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itx happenx inx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxwex
forecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
6. (LOx 1.5)x Whichx questionsx seekx informationx onx thex routingxxx ofxxx productsxxx fromxxx Queretaro,xxx Mxexicox
tox Chicago,x Unitedx Statesx inx thex lastx quarter?
a. Whatxxx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
, Chapterxxx 01xxx –
7. (LOx 1.5)x Whichx questionsx askx whyx netx incomex isx increasingx whenx revenuesx arexxx decrxeasing,x
counterx tox expectations?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
8. (LOx 1.5)x Whichx questionsx helpx managersxxx understandxxx howxxx toxxx organizexxx futurexxx shipmentsxxx baxsedx
onx expectedx demand?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldxxx wexxx do,xxx basedxxx onxxx whatxxx wexxx expectxxx willxxx happen?xxx Howxxx doxxx wexxx optimizxex
ourx performancex basedx onx potentialx constraints?
9. (LOx 1.5)x Whichx termx refersx toxxx thexxx combinedxxx accuracy,xxx validity,xxx andxxx consistencyxxx ofxxx dataxxx stoxredx a
ndx usedx overx time?
a. Dataxxx integrity
b. Dataxxx overload
c. Datax value
d. Informationx value
10. (LOx 1.3)xxx Axxx specialistxxx whoxxx knowsxxx howxxx toxxx workxxx with,xxx manipulate,xxx andxxx statisticallyxxx testxxx dataxxx isxxx a
a. decisionx maker.
b. datax scientist.
c. datax analyst.
d. decisionx scientist.
11. (LOx 1.4)x Whichxxxtypexxxofxxxanalystsxxxpredictsxxxthexxxamountxxxofxxxmoneyxxxthatxxxaxxxcompanyxxxwillxxxreceivexxxfxromxxxi
tsxxxcustomersxxxtox helpxxxmanagementxxxevaluatexxxfuturexxxxinvestmentsxxxbasedxxxonxxxexpectedxxxinvestmexntx perfor
mance,x suchx asx investmentsx inx equipmentx orx employeex training?
a. Marketingx analyst
b. Operationsx analyst
c. Financialx analyst
d. Accountingx analyst
12. (LOx 1.4)xxx Whichxxx typexxx ofxxx analystxxx addressesxxx questionsxxx regardingxxx taxxxx andxxx auditing?
a. Marketingx analyst
b. Operationsx analyst
c. Financialx analyst
d. Accountingx analyst
13. (LOx 1.5)x Supposex ax companyx hasxxx timelyxxx productxxx reviewsxxx thatxxx arexxx availablexxx whenxxx needed,xbutx t
hex reviewsx arex biased.x Thesex productx reviewsx arex whichx typex ofx data?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©xxxMcGrawxxxHillxxxLLC.xxxAllxxxrightsxxxreserved.xxxNoxxxreproductionxxxorxxxxdistributionxxxwithoutxxxxthexxxxpriorxxxxwrittenxxxxconsentxxxx
ofxxxMcxGrawx Hillx LLC.
4
Solution Manual for Introduction to Business Analytics,
po po po po po po po
1st Edition
po
By Vernon Richardson and Marcia Watson
po po po po po
Verified Chapter's 1 - 12 | Complete
po po po po po po
, Chapterxxx 01xxx –
TABLE OF CONTENTS x x
Chapter 1: Specifyx thexxx Question:xxx Usingxxx Businessxxx Analyticsxxx toxxx Addressxxx Businessxxx Questions
Chapter 2: Obtainx thexxx Data:xxx Anxxx Introductionxxx toxxx Businessxxx Dataxxx Sources
Chapterx 3:xxx Analyzexxx thexxx Data:xxx Basicxxx Statisticsxxx andxxx Toolsxxx Requiredxxx inxxx Businessxxx Analytics
Chapterx 4:x Analyzex thex Data:x Exploratoryx Businessx Analyticsx (Descriptivex Analyticsx andx DiagnosticxAnalytic
s)
Chapterx 5:xxx Analyzexxx thexxx Data:xxx Confirmatoryxxx Businessxxx Analyticsxxx (Predictivexxx Analyticsxxx andxxx Prescriptivxex
Analytics)
Chapter 6: Reportx thexxx Results:xxx Usingxxx Dataxxx Visualization
Chapter 7: Marketingx Analytics
Chapter 8: Accountingx Analytics
Chapter 9: Financialx Analytics
Chapter 10: Operationsx Analytics
Chapter 11: Advancedx Businessxxx Analytics
Chapter 12: Usingx thexxx SOARxxx Analyticsxxx Modelxxx toxxx Putxxx Itxxx Allxxx Together:xxx Threexxx Capstonexxx Projects
, Chapterxxx 01xxx –
Chapter 1 End-of-Chapter Assignment Solutions
x x x x
Multiplex Choicexxx Questions
1. (LOxxx1.1)xxxAxxxcoordinated,xxxstandardizedxxxsetxxxofxxxactivitiesxxxxconductedxxxbyxxxbothxxxxpeoplexxxandxxxequipmexntx t
ox accomplishx ax specificx businessx taskx isx called.
a. businessx processes
b. businessx analysis
c. businessx procedure
d. businessx value
2. (LOx 1.2)xxx Accordingxxx toxxx thexxx informationxxx valuexxx chain,xxx dataxxx combinedxxx withxxx contextxxx is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOx 1.5)x Whichx phasex ofx thex SOARx analyticsx modelxxx addressesxxx thexxx properxxx wayxxx toxxx communxicatex r
esultsx tox thex decisionx maker?
a. Specifyx thexxx question
b. Obtainx thexxx data
c. Analyzex thexxx data
d. Reportx thexxx results
4. (LOx 1.5)x Whichx phasex ofx thex SOARx analyticsx modelx involvesx findingx thex mostx appropriatexxx dataxneededx
tox addressx thex businessx question?
a. Specifyx thexxx question
b. Obtainx thexxx data
c. Analyzex thexxx data
d. Reportx thexxx results
5. (LOx 1.5)xxx Whichxxx questionsxxx seekxxx informationxxx aboutxxx Tesla’sxxx salesxxx inxxx thexxx nextxxx quarter?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itx happenx inx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxwex
forecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
6. (LOx 1.5)x Whichx questionsx seekx informationx onx thex routingxxx ofxxx productsxxx fromxxx Queretaro,xxx Mxexicox
tox Chicago,x Unitedx Statesx inx thex lastx quarter?
a. Whatxxx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
, Chapterxxx 01xxx –
7. (LOx 1.5)x Whichx questionsx askx whyx netx incomex isx increasingx whenx revenuesx arexxx decrxeasing,x
counterx tox expectations?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldx wex do,x basedx onx whatx wex expectx willx happen?x Howx dox wex optimizex ourxperformance
x basedx onx potentialx constraints?
8. (LOx 1.5)x Whichx questionsx helpx managersxxx understandxxx howxxx toxxx organizexxx futurexxx shipmentsxxx baxsedx
onx expectedx demand?
a. Whatx happened?xxx Whatxxx isxxx happening?
b. Whyx didxxx itxxx happen?xxx Whatxxx arexxx thexxx causesxxx ofxxx pastxxx results?
c. Willx itxxx happenxxx inxxx thexxx future?xxx Whatxxx isxxx thexxx probabilityxxx somethingxxx willxxx happen?xxx Canxxx wxex f
orecastx whatx willx happen?
d. Whatx shouldxxx wexxx do,xxx basedxxx onxxx whatxxx wexxx expectxxx willxxx happen?xxx Howxxx doxxx wexxx optimizxex
ourx performancex basedx onx potentialx constraints?
9. (LOx 1.5)x Whichx termx refersx toxxx thexxx combinedxxx accuracy,xxx validity,xxx andxxx consistencyxxx ofxxx dataxxx stoxredx a
ndx usedx overx time?
a. Dataxxx integrity
b. Dataxxx overload
c. Datax value
d. Informationx value
10. (LOx 1.3)xxx Axxx specialistxxx whoxxx knowsxxx howxxx toxxx workxxx with,xxx manipulate,xxx andxxx statisticallyxxx testxxx dataxxx isxxx a
a. decisionx maker.
b. datax scientist.
c. datax analyst.
d. decisionx scientist.
11. (LOx 1.4)x Whichxxxtypexxxofxxxanalystsxxxpredictsxxxthexxxamountxxxofxxxmoneyxxxthatxxxaxxxcompanyxxxwillxxxreceivexxxfxromxxxi
tsxxxcustomersxxxtox helpxxxmanagementxxxevaluatexxxfuturexxxxinvestmentsxxxbasedxxxonxxxexpectedxxxinvestmexntx perfor
mance,x suchx asx investmentsx inx equipmentx orx employeex training?
a. Marketingx analyst
b. Operationsx analyst
c. Financialx analyst
d. Accountingx analyst
12. (LOx 1.4)xxx Whichxxx typexxx ofxxx analystxxx addressesxxx questionsxxx regardingxxx taxxxx andxxx auditing?
a. Marketingx analyst
b. Operationsx analyst
c. Financialx analyst
d. Accountingx analyst
13. (LOx 1.5)x Supposex ax companyx hasxxx timelyxxx productxxx reviewsxxx thatxxx arexxx availablexxx whenxxx needed,xbutx t
hex reviewsx arex biased.x Thesex productx reviewsx arex whichx typex ofx data?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©xxxMcGrawxxxHillxxxLLC.xxxAllxxxrightsxxxreserved.xxxNoxxxreproductionxxxorxxxxdistributionxxxwithoutxxxxthexxxxpriorxxxxwrittenxxxxconsentxxxx
ofxxxMcxGrawx Hillx LLC.
4
