Test Bank - Business analytics data analysis decision making 6th edition by S Christian Albright and Winston Chapters 1-20 Covered

TEST BANKc c




Business Analytics: Data Analysis & Decision Making,
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7th Edition. S. Christian Albright, Wayne L. Winston Verified
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Chapters 1 - 19, Complete
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BusinesscAnalytics:cDatacAnalysisc&cDecisioncMaking,

,Chapterc1.cIntroductionctocBusinesscAnalytics

1. Thecdecision-
makingcthemesccoveredcincBusinesscAnalytics:cDatacAnalysisc&cDecisioncMakingcincludecwhichcofcthec following?
a. optimizationctechniques b.cdecisioncanalysiscwithcuncertainty
c.cstructuredcsensitivitycanalysis d.callcofcthesecchoices
ANSWER: d
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cKnowledge
TOPICS: A-Head:c1-2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

2. Whichcstatementciscnotctrue?
a. Dealingcwithcuncertaintycincludescmeasuringcuncertainty.
b. Dealingcwithcuncertaintycincludescmodelingcuncertaintycexplicitlycintocthecanalysis.
c. Dealingcwithcuncertaintycincludesceliminatingcuncertaintycbycusingcthecnormalcprobabilitycdistribution.
d. Dealingcwithcuncertaintycrequirescacbasiccunderstandingcofcprobability.
ANSWER: c
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cKnowledge
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

3. WhatciscnotconecofcthecimportantcthemescofcyourcBusinesscAnalytics:cDatacAnalysisc&cDecisioncMakingctext?
a. datacanalysis b.cdealingcwithcuncertainty
c.cdecisioncmaking d.cdatacmining
ANSWER: d
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cKnowledge
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

4. Datacanalysiscincludes:
a. datacdescription b.cdatacinference
c.cthecsearchcforcrelationshipscincdata d.callcofcthesecchoices
ANSWER: d
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cKnowledge
TOPICS: A-Head:c1.2cOverviewcofcthecBook

BusinesscAnalytics:cDatacAnalysisc&cDecisioncMaking,

,OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

5. Whichcofcthecfollowingciscnotconecofcthecstepscincthecmodelingcprocess?
a. Selectcthecscalecforcthecmodel.
b. Collectcandcsummarizecdata.




BusinesscAnalytics:cDatacAnalysisc&cDecisioncMaking,

, c. Verifycthecmodel.
d. Presentcthecresults.
e. Implementcthecmodelcandcupdatecitcthroughctime.
ANSWER: a
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cComprehension
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

6. Whichcofcthecfollowingcwouldcnotcbecincludedcundercdatacanalysis?
a. measuringcuncertainty b.cdatacdescription
c.cdatacinference d.csearchcforcrelationships
ANSWER: a
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cComprehension
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

7. Thecdecisioncmakingcprocesscincludes:
a. optimizationctechniquescforcproblemscwithcnocuncertainty
b. decisioncanalysiscforcproblemscwithcuncertainty
c. sensitivitycanalysis
d. allcofcthesecchoices
ANSWER: d
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cKnowledge
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

8. WhichctoolciscancExcccel add-incforcperformingcwhat-ifcanalyses?
®

a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY:c Easyc|cBloom's:cComprehension
TOPICS: A-Head:c1.2cOverviewcofcthecBook
OTHER: BUSPROG:cAnalyticc|cDISC:cDecisioncMaking

BusinesscAnalytics:cDatacAnalysisc&cDecisioncMaking,