CompleteTestBankBusinessAnalytics3rd
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Edition Evans Questions & Answers with
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rationales gf
, BusinessAnalytics3rd EditionEvansTestBank ds d
s
Test g f Bank g f - g f Table g f of g f Contents
Chapter Introduction g f to g f Business g f Analytics 1
1: gf
Chapter Appendix g f A1 Basic g f g f Excel g f Skills 16
1:
g f
Chapter Database Analytics g f 24
2: gf
Chapter Data Visualization
g f 37
3:
g f
Chapter Descriptive Statistics g f 50
4: gf
Chapter Probability Distributions g f g f and g f Data g f Modeling 92
5: gf
Chapter Sampling g f and g f Estimation 108
6: gf
Chapter Statistical Inference g f 127
7: gf
Chapter Trendlines and Regression Analysis g f g f g f 145
8: gf
Chapter Forecasting Techniques gf 163
9: gf
Chapter Introduction g f to g f Data g f Mining 184
10: gf
Chapter Spreadsheet g f Modeling and g f g f Analysis 198
11: gf
Chapter Simulation g f and g f Risk g f Analysis 223
12: gf
Chapter Linear g f Optimization 237
13: gf
Chapter Integer g f and g f Nonlinear g f Optimization g f Models 260
14: gf
Chapter Optimization Analytics g f 295
15: gf
Chapter Decision Analysis g f 313
16:
g f
,Chapter g f 1: Introduction g f to g f Business g f Analytics
1) Descriptive analytics: g f
A) can predict risk and find relationships in data not readily apparent
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with traditional analyses.
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B) helps companies classify their customers into segments to develop specific
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marketing campaigns.
gf gf
C) helps detect hidden patterns in large quantities of data to
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group data into sets to predict behavior.
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D) can use mathematical techniques with optimization to make decisions that take into
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account the uncertainty in the data.
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Answer: B g f
Diff: 1
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Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
g f g f g f g f g f g f g f g f
2) A manager at Gampco Inc. wishes to know the company's
g f g f g f g f g f g f g f gf gf
revenue and profit in its previous
g f quarter. Which of the gf g f gf g f gf g f g f g f g f g f g f g f g f g f
following
g f business analytics will help the manager? g f g f g f g f g f g f gf g f g f
A) prescriptive analytics g f
B) normative analytics g f
C) descriptive analytics g f
D) predictive analytics gf
Answer: C
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Diff: 1 g f
Blooms: Apply
AACSB:
gf
Analytic Skills gf
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Explain the difference between descriptive, predictive, and g f g f g f g f g f g f g f prescriptive
g analytics.
f
3) Predictive analytics: g f
A) summarizes data into meaningful charts and reports that can be g f g f g f g f g f g f g f g f g f
standardized or customized.
g f g f gf
B) identifies the best alternatives to minimize or maximize an objective. g f g f g f g f g f g f g f g f g f
C) uses data to determine a course of action to be executed in a given
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situation. g f
D) detects patterns in historical data and extrapolates them forward in
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time. Answer: D
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Diff: 2 g f
Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
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, 1
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Edition Evans Questions & Answers with
gf gf gf gf gf gf
rationales gf
, BusinessAnalytics3rd EditionEvansTestBank ds d
s
Test g f Bank g f - g f Table g f of g f Contents
Chapter Introduction g f to g f Business g f Analytics 1
1: gf
Chapter Appendix g f A1 Basic g f g f Excel g f Skills 16
1:
g f
Chapter Database Analytics g f 24
2: gf
Chapter Data Visualization
g f 37
3:
g f
Chapter Descriptive Statistics g f 50
4: gf
Chapter Probability Distributions g f g f and g f Data g f Modeling 92
5: gf
Chapter Sampling g f and g f Estimation 108
6: gf
Chapter Statistical Inference g f 127
7: gf
Chapter Trendlines and Regression Analysis g f g f g f 145
8: gf
Chapter Forecasting Techniques gf 163
9: gf
Chapter Introduction g f to g f Data g f Mining 184
10: gf
Chapter Spreadsheet g f Modeling and g f g f Analysis 198
11: gf
Chapter Simulation g f and g f Risk g f Analysis 223
12: gf
Chapter Linear g f Optimization 237
13: gf
Chapter Integer g f and g f Nonlinear g f Optimization g f Models 260
14: gf
Chapter Optimization Analytics g f 295
15: gf
Chapter Decision Analysis g f 313
16:
g f
,Chapter g f 1: Introduction g f to g f Business g f Analytics
1) Descriptive analytics: g f
A) can predict risk and find relationships in data not readily apparent
g f g f g f g f g f g f g f g f g f g f
with traditional analyses.
g f g f gf
B) helps companies classify their customers into segments to develop specific
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marketing campaigns.
gf gf
C) helps detect hidden patterns in large quantities of data to
g f g f gf g f g f gf g f gf g f
group data into sets to predict behavior.
g f gf gf gf g f gf gf
D) can use mathematical techniques with optimization to make decisions that take into
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account the uncertainty in the data.
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Answer: B g f
Diff: 1
gf gf
Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
g f g f g f g f g f g f g f g f
2) A manager at Gampco Inc. wishes to know the company's
g f g f g f g f g f g f g f gf gf
revenue and profit in its previous
g f quarter. Which of the gf g f gf g f gf g f g f g f g f g f g f g f g f g f
following
g f business analytics will help the manager? g f g f g f g f g f g f gf g f g f
A) prescriptive analytics g f
B) normative analytics g f
C) descriptive analytics g f
D) predictive analytics gf
Answer: C
gf
Diff: 1 g f
Blooms: Apply
AACSB:
gf
Analytic Skills gf
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Explain the difference between descriptive, predictive, and g f g f g f g f g f g f g f prescriptive
g analytics.
f
3) Predictive analytics: g f
A) summarizes data into meaningful charts and reports that can be g f g f g f g f g f g f g f g f g f
standardized or customized.
g f g f gf
B) identifies the best alternatives to minimize or maximize an objective. g f g f g f g f g f g f g f g f g f
C) uses data to determine a course of action to be executed in a given
g f g f g f g f g f g f g f g f g f g f g f g f g f
situation. g f
D) detects patterns in historical data and extrapolates them forward in
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time. Answer: D
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Diff: 2 g f
Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics g f g f g f g f
LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
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, 1
