Solution Manual for Introduction to Business Analytics,
1st Edition
By Vernon Richardson and Marcia Watson
Verified Chapter's 1 - 12 | Complete
,TABLEmy OFmy CONTENTSmy
Chaptermy 1:my Specifymy themy Question:my Usingmy Businessmy Analyticsmy tomy Addressmy Businessmy
Questionsmy my
Chaptermy 2:my Obtainmy themy Data:my Anmy Introductionmy tomy Businessmy Datamy Sourcesmy my
Chaptermy 3:my Analyzemy themy Data:my Basicmy Statisticsmy andmy Toolsmy Requiredmy inmy
Businessmy Analyticsmy my
Chaptermy 4:my Analyzemy themy Data:my Exploratorymy Businessmy Analyticsmy (Descriptivemy
Analyticsmy andmy Diagnosticmy Analytics)my my
Chaptermy 5:my Analyzemy themy Data:my Confirmatorymy Businessmy Analyticsmy (Predictivemy
Analyticsmy andmy Prescriptivemy Analytics)my my
Chaptermy 6:my Reportmy themy Results:my Usingmy Datamy Visualizationmy my
Chaptermy 7:my Marketingmy Analyticsmy my
Chaptermy 8:my Accountingmy Analyticsmy my
Chaptermy 9:my Financialmy Analyticsmy my
Chaptermy 10:my Operationsmy Analyticsmy my
Chaptermy 11:my Advancedmy Businessmy Analyticsmy my
Chaptermy 12:my Usingmy themy SOARmy Analyticsmy Modelmy tomy Putmy Itmy Allmy Together:my
Threemy Capstonemy Projectsmy my
, Chaptermy 1my End-of-Chaptermy Assignmentmy Solutions
Multiplemy Choicemy Questions
1. (LOmy 1.1)my Amy coordinated,my standardizedmy setmy ofmy activitiesmy conductedmy bymy bothmy
peoplemy andmy equipmentmy tomy accomplishmy amyspecificmy businessmy taskmy ismy called .
a. businessmy processes
b. businessmy analysis
c. businessmy procedure
d. businessmy value
2. (LOmy 1.2)my Accordingmy tomy themy informationmy valuemy chain,my datamy combinedmy withmy
contextmy is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOmy 1.5)my Whichmy phasemy ofmy themy SOARmy analyticsmy modelmy addressesmy themy
propermy waymy tomy communicatemy resultsmy tomy themydecisionmy maker?
a. Specifymy themy question
b. Obtainmy themy data
c. Analyzemy themy data
d. Reportmy themy results
4. (LOmy 1.5)my Whichmy phasemy ofmy themy SOARmy analyticsmy modelmy involvesmy findingmy themy
mostmy appropriatemy datamy neededmy tomy addressmythemy businessmy question?
a. Specifymy themy question
b. Obtainmy themy data
c. Analyzemy themy data
d. Reportmy themy results
5. (LOmy 1.5)my Whichmy questionsmy seekmy informationmy aboutmy Tesla’smy salesmy inmy themy nextmy
quarter?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmywillmy happen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
6. (LOmy 1.5)my Whichmy questionsmy seekmy informationmy onmy themy routingmy ofmy productsmy
frommy Queretaro,my Mexicomy tomy Chicago,myUnitedmy Statesmy inmy themy lastmy quarter?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
, Chaptermy 01my –my Specifymy themy Question:my Usingmy Businessmy Analyticsmy
tomy Addressmy Businessmy Questions
7. (LOmy 1.5)my Whichmy questionsmy askmy whymy netmy incomemy ismy increasingmy whenmy
revenuesmy aremy decreasing,my countermy tomyexpectations?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
8. (LOmy 1.5)my Whichmy questionsmy helpmy managersmy understandmy howmy tomy organizemy
futuremy shipmentsmy basedmy onmy expectedmydemand?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my
Howmy domy wemy optimizemy ourmy performancemybasedmy onmy potentialmy constraints?
9. (LOmy 1.5)my Whichmy termmy refersmy tomy themy combinedmy accuracy,my validity,my andmy
consistencymy ofmy datamy storedmy andmy usedmy overmytime?
a. Datamy integrity
b. Datamy overload
c. Datamy value
d. Informationmy value
10. (LOmy 1.3)my Amy specialistmy whomy knowsmy howmy tomy workmy with,my manipulate,my andmy
statisticallymy testmy datamy ismy a
a. decisionmy maker.
b. datamy scientist.
c. datamy analyst.
d. decisionmy scientist.
11. (LOmy 1.4)my Whichmy typemy ofmy analystsmy predictsmy themy amountmy ofmy moneymy thatmy amy
companymy willmy receivemy frommy itsmy customersmy tomyhelpmy managementmy evaluatemy futuremy
investmentsmy basedmy onmy expectedmy investmentmy performance,my suchmy asmy investmentsmy inmy
equipmentmy ormy employeemy training?
a. Marketingmy analyst
b. Operationsmy analyst
c. Financialmy analyst
d. Accountingmy analyst
12. (LOmy 1.4)my Whichmy typemy ofmy analystmy addressesmy questionsmy regardingmy taxmy andmy auditing?
a. Marketingmy analyst
b. Operationsmy analyst
c. Financialmy analyst
d. Accountingmy analyst
13. (LOmy 1.5)my Supposemy amy companymy hasmy timelymy productmy reviewsmy thatmy aremy
availablemy whenmy needed,my butmy themy reviewsmy aremybiased.my Thesemy productmy reviewsmy
aremy whichmy typemy ofmy data?
a. Reliable
b. Relevant
c. Curated
d. Consistent
4
1st Edition
By Vernon Richardson and Marcia Watson
Verified Chapter's 1 - 12 | Complete
,TABLEmy OFmy CONTENTSmy
Chaptermy 1:my Specifymy themy Question:my Usingmy Businessmy Analyticsmy tomy Addressmy Businessmy
Questionsmy my
Chaptermy 2:my Obtainmy themy Data:my Anmy Introductionmy tomy Businessmy Datamy Sourcesmy my
Chaptermy 3:my Analyzemy themy Data:my Basicmy Statisticsmy andmy Toolsmy Requiredmy inmy
Businessmy Analyticsmy my
Chaptermy 4:my Analyzemy themy Data:my Exploratorymy Businessmy Analyticsmy (Descriptivemy
Analyticsmy andmy Diagnosticmy Analytics)my my
Chaptermy 5:my Analyzemy themy Data:my Confirmatorymy Businessmy Analyticsmy (Predictivemy
Analyticsmy andmy Prescriptivemy Analytics)my my
Chaptermy 6:my Reportmy themy Results:my Usingmy Datamy Visualizationmy my
Chaptermy 7:my Marketingmy Analyticsmy my
Chaptermy 8:my Accountingmy Analyticsmy my
Chaptermy 9:my Financialmy Analyticsmy my
Chaptermy 10:my Operationsmy Analyticsmy my
Chaptermy 11:my Advancedmy Businessmy Analyticsmy my
Chaptermy 12:my Usingmy themy SOARmy Analyticsmy Modelmy tomy Putmy Itmy Allmy Together:my
Threemy Capstonemy Projectsmy my
, Chaptermy 1my End-of-Chaptermy Assignmentmy Solutions
Multiplemy Choicemy Questions
1. (LOmy 1.1)my Amy coordinated,my standardizedmy setmy ofmy activitiesmy conductedmy bymy bothmy
peoplemy andmy equipmentmy tomy accomplishmy amyspecificmy businessmy taskmy ismy called .
a. businessmy processes
b. businessmy analysis
c. businessmy procedure
d. businessmy value
2. (LOmy 1.2)my Accordingmy tomy themy informationmy valuemy chain,my datamy combinedmy withmy
contextmy is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOmy 1.5)my Whichmy phasemy ofmy themy SOARmy analyticsmy modelmy addressesmy themy
propermy waymy tomy communicatemy resultsmy tomy themydecisionmy maker?
a. Specifymy themy question
b. Obtainmy themy data
c. Analyzemy themy data
d. Reportmy themy results
4. (LOmy 1.5)my Whichmy phasemy ofmy themy SOARmy analyticsmy modelmy involvesmy findingmy themy
mostmy appropriatemy datamy neededmy tomy addressmythemy businessmy question?
a. Specifymy themy question
b. Obtainmy themy data
c. Analyzemy themy data
d. Reportmy themy results
5. (LOmy 1.5)my Whichmy questionsmy seekmy informationmy aboutmy Tesla’smy salesmy inmy themy nextmy
quarter?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmywillmy happen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
6. (LOmy 1.5)my Whichmy questionsmy seekmy informationmy onmy themy routingmy ofmy productsmy
frommy Queretaro,my Mexicomy tomy Chicago,myUnitedmy Statesmy inmy themy lastmy quarter?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
, Chaptermy 01my –my Specifymy themy Question:my Usingmy Businessmy Analyticsmy
tomy Addressmy Businessmy Questions
7. (LOmy 1.5)my Whichmy questionsmy askmy whymy netmy incomemy ismy increasingmy whenmy
revenuesmy aremy decreasing,my countermy tomyexpectations?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my Howmy
domy wemy optimizemy ourmy performancemy basedmyonmy potentialmy constraints?
8. (LOmy 1.5)my Whichmy questionsmy helpmy managersmy understandmy howmy tomy organizemy
futuremy shipmentsmy basedmy onmy expectedmydemand?
a. Whatmy happened?my Whatmy ismy happening?
b. Whymy didmy itmy happen?my Whatmy aremy themy causesmy ofmy pastmy results?
c. Willmy itmy happenmy inmy themy future?my Whatmy ismy themy probabilitymy somethingmy
willmy happen?my Canmy wemy forecastmy whatmy willmyhappen?
d. Whatmy shouldmy wemy do,my basedmy onmy whatmy wemy expectmy willmy happen?my
Howmy domy wemy optimizemy ourmy performancemybasedmy onmy potentialmy constraints?
9. (LOmy 1.5)my Whichmy termmy refersmy tomy themy combinedmy accuracy,my validity,my andmy
consistencymy ofmy datamy storedmy andmy usedmy overmytime?
a. Datamy integrity
b. Datamy overload
c. Datamy value
d. Informationmy value
10. (LOmy 1.3)my Amy specialistmy whomy knowsmy howmy tomy workmy with,my manipulate,my andmy
statisticallymy testmy datamy ismy a
a. decisionmy maker.
b. datamy scientist.
c. datamy analyst.
d. decisionmy scientist.
11. (LOmy 1.4)my Whichmy typemy ofmy analystsmy predictsmy themy amountmy ofmy moneymy thatmy amy
companymy willmy receivemy frommy itsmy customersmy tomyhelpmy managementmy evaluatemy futuremy
investmentsmy basedmy onmy expectedmy investmentmy performance,my suchmy asmy investmentsmy inmy
equipmentmy ormy employeemy training?
a. Marketingmy analyst
b. Operationsmy analyst
c. Financialmy analyst
d. Accountingmy analyst
12. (LOmy 1.4)my Whichmy typemy ofmy analystmy addressesmy questionsmy regardingmy taxmy andmy auditing?
a. Marketingmy analyst
b. Operationsmy analyst
c. Financialmy analyst
d. Accountingmy analyst
13. (LOmy 1.5)my Supposemy amy companymy hasmy timelymy productmy reviewsmy thatmy aremy
availablemy whenmy needed,my butmy themy reviewsmy aremybiased.my Thesemy productmy reviewsmy
aremy whichmy typemy ofmy data?
a. Reliable
b. Relevant
c. Curated
d. Consistent
4
