Business Analytics Data Analysis and Decision Making 6th Edition by S. Christian Albright Test Bank

,Ch1
1. Thedecision-makingthemescoveredinBusinessAnalytics:DataAnalysis&DecisionMaking include whichofthe
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j following?
a. optimizationtechniques j
b. decision analysis withuncertainty
j j
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c. structured sensitivityanalysis
j j
j j
d. all of thesechoices
j j
j j j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1-2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




2. Whichstatementisnot true?
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a. Dealingwithuncertaintyincludesmeasuring uncertainty. j j j j j




b. Dealingwithuncertaintyincludesmodelinguncertaintyexplicitlyintotheanalysis.
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c. Dealingwithuncertaintyincludeseliminatinguncertaintybyusingthenormalprobabilitydistribution.
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d. Dealingwithuncertaintyrequiresabasicunderstandingofprobability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




3. Whatisnotoneofthe importantthemes of yourBusiness Analytics: DataAnalysis &DecisionMaking text?
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a. dataanalysis b. dealingwith uncertainty j j j




c. decisionmaking d. data mining j j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




4. Dataanalysisincludes:
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a. datadescription b. j datainference j




c. thesearchforrelationships in data j
d. j j j j allof these choices
j j j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




5. Whichof thefollowing is not oneof thestepsin the modeling process?
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a. Selectthescale forthe model. j j j j j




b. Collectandsummarizedata. j j j




c. Verifythe model. j j




d. Present theresults. j j




e. Implementthemodelandupdateitthrough time. j j j j j j j




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,Ch1
ANSWER: a
POINTS: 1
DIFFICULTY: Easy|Bloom's: Comprehension j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




6. Whichofthefollowing wouldnotbeincluded underdataanalysis?
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a. measuringuncertainty b. datadescription j j




c. data inference d. searchforrelationships
j j j




ANSWER: a
POINTS: 1
DIFFICULTY: Easy|Bloom's: Comprehension j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




7. Thedecisionmakingprocessincludes:
j j j j




a. optimizationtechniques forproblemswithnouncertainty j j j j j j




b. decisionanalysisforproblems withuncertainty j j j j j




c. sensitivityanalysis j




d. allof thesechoices j j j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




8. Whichtool is an Excel®add-in for performing what-if analyses?
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a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy|Bloom's: Comprehension j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




9. Whichofthefollowingstatementsare true?
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a. Threeimportantthemesrunthroughthebook:dataanalysis,decisionmaking,anduncertainty.
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b. Dataanalysisincludes datadescription,datainference,andthesearchingforrelationships indata
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c. Decisionmakingincludesoptimizationtechniquesforproblemswithnouncertainty,decisionanalysisfor
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problems with uncertainty, and structured sensitivity analysis.
j
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d. Dealingwithuncertaintyincludesmeasuringuncertaintyandmodelinguncertaintyexplicitlyintotheanalysis.
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, Ch1
e. Allof thesestatements aretrue.
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ANSWER: e
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




10. Dataanalysisincludesdatadescription,datainference,andthesearchforrelationships indata.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




11. Decision-makingincludesoptimizationtechniquesforproblemswithcertainty,decisionanalysis forproblemswith
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j certainty, and structured sensitivity analysis.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




12.
Arelativelynewaspectof business analytics is bigdata, whichtypically impliestheanalysis ofthe verylarge datasets that
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companies currently encounter.
j j j




a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




OTHER: BUSPROG:Analytic |DISC:Decision Making j j j j j




13. ThreeimportantthemesrunthroughtheBusinessAnalytics:DataAnalysis&DecisionMaking text:dataanalysis,
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j decision-making, and dealing with uncertainty. j j j j




a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy|Bloom's: Knowledge j j j




TOPICS: A-Head:1.2Overviewof theBook j j j j j




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