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