Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
Solution Manual for Introduction to Business
Analytics, 1st Edition By Vernon Richardson and
Marcia Watson
Verified Chapter's 1 - 12 | Complete
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
TABLE OF CONTENTS TX TX TX
Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 2: Obtain the Data: An Introduction to Business Data Sources
TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics)
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics)
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 6: Report the Results: Using Data Visualization
TX TX TX TX TX TX TX TXTX
Chapter 7: Marketing Analytics
TX TX TX TXTX
Chapter 8: Accounting Analytics
TX TX TX TXTX
Chapter 9: Financial Analytics
TX TX TX TXTX
Chapter 10: Operations Analytics
TX TX TX TXTX
Chapter 11: Advanced Business Analytics
TX TX TX TX TXTX
Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TXTX
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
Chapter 1 End-of-Chapter Assignment Solutions TX TX TX TX
Multiple Choice Questions TX TX
1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and equipment to acc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
omplish aspecific business task is called
TX X
T TX TX TX TX .
a. business processes TX
b. business analysis TX
c. business procedure TX
d. business value TX
2. (LO 1.2) According to the information value chain, data combined with context is
TX TX TX TX TX TX TX TX TX TX TX TX
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to communicate resul
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
ts to thedecision maker?
TX TX X
T TX
a. Specify the question TX TX
b. Obtain the data TX TX
c. Analyze the data TX TX
d. Report the results TX TX
4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data needed t
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
o addressthe business question?
TX X
T TX TX
a. Specify the question TX TX
b. Obtain the data TX TX
c. Analyze the data TX TX
d. Report the results TX TX
5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter?
TX TX TX TX TX TX TX TX TX TX TX TX
a. What happened? What is happening? TX TX TX TX
b. Why did it happen? What are the causes of past results?
TX TX TX TX TX TX TX TX TX TX
c. Will it happen in the future? What is the probability something will happen? Can we fore
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
cast whatwill happen? TX X
T TX
d. What should we do, based on what we expect will happen? How do we optimize our performanc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
e basedon potential constraints?
TX X
T TX TX
6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to C
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
hicago,United States in the last quarter?
X
T TX TX TX TX TX
a. What happened? What is happening? TX TX TX TX
b. Why did it happen? What are the causes of past results?
TX TX TX TX TX TX TX TX TX TX
c. Will it happen in the future? What is the probability something will happen? Can we forecast w
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
hat willhappen? TX X
T
d. What should we do, based on what we expect will happen? How do we optimize our performanc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
e basedon potential constraints?
TX X
T TX TX
TX TX TX TX TX TX TX TX TX TX TX TX
Solution Manual for Introduction to Business
Analytics, 1st Edition By Vernon Richardson and
Marcia Watson
Verified Chapter's 1 - 12 | Complete
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
TABLE OF CONTENTS TX TX TX
Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 2: Obtain the Data: An Introduction to Business Data Sources
TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics)
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics)
TX TX TX TX TX TX TX TX TX TX TX TX TXTX
Chapter 6: Report the Results: Using Data Visualization
TX TX TX TX TX TX TX TXTX
Chapter 7: Marketing Analytics
TX TX TX TXTX
Chapter 8: Accounting Analytics
TX TX TX TXTX
Chapter 9: Financial Analytics
TX TX TX TXTX
Chapter 10: Operations Analytics
TX TX TX TXTX
Chapter 11: Advanced Business Analytics
TX TX TX TX TXTX
Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TXTX
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
Chapter 1 End-of-Chapter Assignment Solutions TX TX TX TX
Multiple Choice Questions TX TX
1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and equipment to acc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
omplish aspecific business task is called
TX X
T TX TX TX TX .
a. business processes TX
b. business analysis TX
c. business procedure TX
d. business value TX
2. (LO 1.2) According to the information value chain, data combined with context is
TX TX TX TX TX TX TX TX TX TX TX TX
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to communicate resul
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
ts to thedecision maker?
TX TX X
T TX
a. Specify the question TX TX
b. Obtain the data TX TX
c. Analyze the data TX TX
d. Report the results TX TX
4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data needed t
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
o addressthe business question?
TX X
T TX TX
a. Specify the question TX TX
b. Obtain the data TX TX
c. Analyze the data TX TX
d. Report the results TX TX
5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter?
TX TX TX TX TX TX TX TX TX TX TX TX
a. What happened? What is happening? TX TX TX TX
b. Why did it happen? What are the causes of past results?
TX TX TX TX TX TX TX TX TX TX
c. Will it happen in the future? What is the probability something will happen? Can we fore
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
cast whatwill happen? TX X
T TX
d. What should we do, based on what we expect will happen? How do we optimize our performanc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
TX TX TX TX TX TX TX TX TX TX TX TX
e basedon potential constraints?
TX X
T TX TX
6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to C
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
hicago,United States in the last quarter?
X
T TX TX TX TX TX
a. What happened? What is happening? TX TX TX TX
b. Why did it happen? What are the causes of past results?
TX TX TX TX TX TX TX TX TX TX
c. Will it happen in the future? What is the probability something will happen? Can we forecast w
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
hat willhappen? TX X
T
d. What should we do, based on what we expect will happen? How do we optimize our performanc
TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX
e basedon potential constraints?
TX X
T TX TX
