AN 300 EXAM 1 QUESTIONS AND ANSWERS
Which of the following is the definition of decision making you learned from this class?
A) It is to maximize profit.
B) It is to choose among alternative courses of action to improve organization
performance.
C) It is to provide leadership for an organization.
D) It is to minimize costs.
E) It is to make successful business plans. - Answers :B) It is to choose among
alternative courses of action to improve organization performance.
What is the sequence of the decision making process? - Answers :1. Define a decision
making situation
2. Determine the criteria used to evaluate alternative solutions
3. Identify alternative solutions
4. Evaluate each alternative using the chosen criteria
5. Choose one alternative
What are 4 characteristics of a business analytics approach to decision making? -
Answers :1. fact-based
2. data-driven
3. scientific
4. computer-assisted
"We will not offer online shopping because our customers always prefer shopping at our
brick-and-mortar stores" is an example of making decisions based on _____. - Answers
:tradition
What type of analytics asks "What should happen?" - Answers :Prescriptive Analytics
What type of analytics asks "What could happen?" - Answers :Predictive Analytics
What type of analytics asks "What has happened?" - Answers :Descriptive Analytics
Descriptive analytics techniques include the following EXCEPT:
A) What-If analysis
B) Data-mining
C) Simulations
D) Data queries
E) Reports - Answers :C) Simulations
What does SQL stand for? - Answers :Structured Query Language
Which 3 of the following are characteristics of big data?
,A) Validity
B) Valence
C) Volume
D) Variety
E) Vitality
F) Veracity - Answers :C) Volume
D) Variety
F) Veracity
Which 1 of the following is a predictive analytics software tool?
A) IBM SPSS Modeler
B) Oracle
C) Regression tree
D) Simulation
E) Time-Series forecasting - Answers :A) IBM SPSS Modeler
Which 1 of the following is a prescriptive analytics technique?
A) Cluster analysis
B) Decison rules
C) Linear regression
D) What-If analysis
E) Simulation - Answers :B) Decison rules
We discussed many business analytics applications in various business domain in this
class. Which 2 of the following is explicitly cited as an illustrative example?
A) Artificial intelligence
B) Accounting
C) Health care
D) Statistics
E) Sports - Answers :C) Health care
E) Sports
Business Analytics tools are essentially _____. - Answers :software
Which 3 of the following Business Analytics functionalities will be covered in this class?
A) Data analysis
B) Data warehousing
C) Data reporting
D) Data pre-processing
E) Data management
F) Data outsourcing - Answers :A) Data analysis
, C) Data reporting
D) Data pre-processing
Which 3 of the following is TRUE about JMP?
A) It is developed at SAS.
B) Its goal is to transform a world of data into intelligence.
C) It is developed in 2003.
D) Its goal is to make data understandable to ordinary people.
E) It is developed in Stanford University.
F) It is developed in 1989. - Answers :A) It is developed at SAS.
B) Its goal is to transform a world of data into intelligence.
C) It is developed in 1989.
Which of the following is TRUE about Tableau?
A) It is developed at SAS.
B) It is developed in 1989.
C) Its goal is to transform a world of data into intelligence.
D) It is developed at Stanford University.
E) It is developed in 2003.
F) Its goal is to make data understandable to ordinary people. - Answers :D) It is
developed at Stanford University.
E) It is developed in 2003.
F) Its goal is to make data understandable to ordinary people.
SAS stands for _____. - Answers :Statistical Analysis Systems
Which 3 of the following is TRUE if you install a personal copy of JMP Pro on your own
laptop?
A) You will save your work locally.
B) You will need to renew your license after this course.
C) You will access JMP Pro locally.
D) You will need to install Citrix Receiver.
E) You will access JM Pro remotely.
F) You will need to renew your license annually. - Answers :A) You will save your work
locally.
C) You will access JMP Pro locally.
F) You will need to renew your license annually.
Which 2 of the following tasks is included in data preparation?
A) Data analysis
B) Data pre-processing
C) Data acquistion
Which of the following is the definition of decision making you learned from this class?
A) It is to maximize profit.
B) It is to choose among alternative courses of action to improve organization
performance.
C) It is to provide leadership for an organization.
D) It is to minimize costs.
E) It is to make successful business plans. - Answers :B) It is to choose among
alternative courses of action to improve organization performance.
What is the sequence of the decision making process? - Answers :1. Define a decision
making situation
2. Determine the criteria used to evaluate alternative solutions
3. Identify alternative solutions
4. Evaluate each alternative using the chosen criteria
5. Choose one alternative
What are 4 characteristics of a business analytics approach to decision making? -
Answers :1. fact-based
2. data-driven
3. scientific
4. computer-assisted
"We will not offer online shopping because our customers always prefer shopping at our
brick-and-mortar stores" is an example of making decisions based on _____. - Answers
:tradition
What type of analytics asks "What should happen?" - Answers :Prescriptive Analytics
What type of analytics asks "What could happen?" - Answers :Predictive Analytics
What type of analytics asks "What has happened?" - Answers :Descriptive Analytics
Descriptive analytics techniques include the following EXCEPT:
A) What-If analysis
B) Data-mining
C) Simulations
D) Data queries
E) Reports - Answers :C) Simulations
What does SQL stand for? - Answers :Structured Query Language
Which 3 of the following are characteristics of big data?
,A) Validity
B) Valence
C) Volume
D) Variety
E) Vitality
F) Veracity - Answers :C) Volume
D) Variety
F) Veracity
Which 1 of the following is a predictive analytics software tool?
A) IBM SPSS Modeler
B) Oracle
C) Regression tree
D) Simulation
E) Time-Series forecasting - Answers :A) IBM SPSS Modeler
Which 1 of the following is a prescriptive analytics technique?
A) Cluster analysis
B) Decison rules
C) Linear regression
D) What-If analysis
E) Simulation - Answers :B) Decison rules
We discussed many business analytics applications in various business domain in this
class. Which 2 of the following is explicitly cited as an illustrative example?
A) Artificial intelligence
B) Accounting
C) Health care
D) Statistics
E) Sports - Answers :C) Health care
E) Sports
Business Analytics tools are essentially _____. - Answers :software
Which 3 of the following Business Analytics functionalities will be covered in this class?
A) Data analysis
B) Data warehousing
C) Data reporting
D) Data pre-processing
E) Data management
F) Data outsourcing - Answers :A) Data analysis
, C) Data reporting
D) Data pre-processing
Which 3 of the following is TRUE about JMP?
A) It is developed at SAS.
B) Its goal is to transform a world of data into intelligence.
C) It is developed in 2003.
D) Its goal is to make data understandable to ordinary people.
E) It is developed in Stanford University.
F) It is developed in 1989. - Answers :A) It is developed at SAS.
B) Its goal is to transform a world of data into intelligence.
C) It is developed in 1989.
Which of the following is TRUE about Tableau?
A) It is developed at SAS.
B) It is developed in 1989.
C) Its goal is to transform a world of data into intelligence.
D) It is developed at Stanford University.
E) It is developed in 2003.
F) Its goal is to make data understandable to ordinary people. - Answers :D) It is
developed at Stanford University.
E) It is developed in 2003.
F) Its goal is to make data understandable to ordinary people.
SAS stands for _____. - Answers :Statistical Analysis Systems
Which 3 of the following is TRUE if you install a personal copy of JMP Pro on your own
laptop?
A) You will save your work locally.
B) You will need to renew your license after this course.
C) You will access JMP Pro locally.
D) You will need to install Citrix Receiver.
E) You will access JM Pro remotely.
F) You will need to renew your license annually. - Answers :A) You will save your work
locally.
C) You will access JMP Pro locally.
F) You will need to renew your license annually.
Which 2 of the following tasks is included in data preparation?
A) Data analysis
B) Data pre-processing
C) Data acquistion
