Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Business Analytics: Data Analysis & Decision Making,
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,Verified Chapters 1 - 19, Complete
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Business Analytics: Data Analysis & Decision Making,
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,Chapter 1. Introduction to Business Analytics
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1. The decision-
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making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
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a. optimization techniques ec b. decision analysis with uncertainty
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c. structured sensitivity analysis
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
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TOPICS: A-Head: 1-2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
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TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
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a. data analysis ec b. dealing with uncertainty
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c. decision making
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
e c ec ec ec
TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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Business Analytics: Data Analysis & Decision Making,
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, 4. Data analysis includes:
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a. data description ec b. data inference
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c. the search for relationships in data
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
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TOPICS: A-Head: 1.2 Overview of the Book
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OTHER: BUSPROG: Analytic | DISC: Decision Making
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5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model.
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b. Collect and summarize data. ec ec ec
Business Analytics: Data Analysis & Decision Making,
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