TEST BANK jj jj
Business Analytics: Data Analysis & Decision Making,
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7th Edition. S. Christian Albright, Wayne L. Winston Verified
jj jj jj jj jj jj jj jj
Chapters 1 - 19, Complete
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Business Analytics: Data Analysis & Decision Making,
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,Chapter 1. Introduction to Business Analytics
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj
j j following?
a. optimizationtechniques j b. decision analysis with uncertainty
jj jj jj jj
c. structured sensitivity analysis
jj jj j d. all of these choices
jj jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1-2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
jj j j jj j jj j jj jj
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
jj j j jj j j j jj jj j jj
d. Dealing with uncertainty requires a basic understanding of probability.
jj j j jj jj jj jj jj
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj
a. data analysis b. dealing with uncertainty
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c. decision making
jj jj d. data mining jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
4. Data analysis includes:
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a. datadescription j b. data inference
jj jj
c. the search for relationships in data
jj jj jj jj jj jj d. all of these choices
jj jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making, jj jj jj jj jj jj
,OTHER: BUSPROG: Analytic | DISC: Decision Making
jj jj jj jj jj
5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model.
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b. Collect and summarize data.
j j j
Business Analytics: Data Analysis & Decision Making,
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, c. Verify the model. j jj
d. Present the results. jj j
e. Implement the model and update it through time. jj jj jj jj jj jj jj
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
6. Which of the following would not be included under data analysis?
jj jj jj jj jj jj jj jj jj jj
a. measuringuncertainty b. data description j jj jj
c. data inference
jj jj d. search for relationships
jj jj jj
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty j jj jj jj jj j
b. decision analysis for problems with uncertainty
j jj jj jj jj
c. sensitivityanalysis j
d. all of these choices
jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
®
8. Which tool is an Exc el add-in for performing what-if analyses?
jj jj jj jj jj j j j jj jj jj
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making, jj jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making,
jj jj jj jj jj jj
7th Edition. S. Christian Albright, Wayne L. Winston Verified
jj jj jj jj jj jj jj jj
Chapters 1 - 19, Complete
jj jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making,
jj jj jj jj jj jj
,Chapter 1. Introduction to Business Analytics
jj jj jj jj jj
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj
j j following?
a. optimizationtechniques j b. decision analysis with uncertainty
jj jj jj jj
c. structured sensitivity analysis
jj jj j d. all of these choices
jj jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1-2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
2. Which statement is not true?
jj jj jj jj
a. Dealing with uncertainty includes measuring uncertainty.
j j j j j
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
jj j j jj j jj j jj jj
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
jj j j jj j j j jj jj j jj
d. Dealing with uncertainty requires a basic understanding of probability.
jj j j jj jj jj jj jj
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj jj
a. data analysis b. dealing with uncertainty
j jj jj jj
c. decision making
jj jj d. data mining jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
4. Data analysis includes:
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a. datadescription j b. data inference
jj jj
c. the search for relationships in data
jj jj jj jj jj jj d. all of these choices
jj jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making, jj jj jj jj jj jj
,OTHER: BUSPROG: Analytic | DISC: Decision Making
jj jj jj jj jj
5. Which of the following is not one of the steps in the modeling process?
jj jj jj jj jj jj jj jj jj jj jj jj jj
a. Select the scale for the model.
jj jj jj jj jj
b. Collect and summarize data.
j j j
Business Analytics: Data Analysis & Decision Making,
jj jj jj jj jj jj
, c. Verify the model. j jj
d. Present the results. jj j
e. Implement the model and update it through time. jj jj jj jj jj jj jj
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
6. Which of the following would not be included under data analysis?
jj jj jj jj jj jj jj jj jj jj
a. measuringuncertainty b. data description j jj jj
c. data inference
jj jj d. search for relationships
jj jj jj
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
7. The decision making process includes:
j jj jj jj
a. optimization techniques for problems with no uncertainty j jj jj jj jj j
b. decision analysis for problems with uncertainty
j jj jj jj jj
c. sensitivityanalysis j
d. all of these choices
jj jj jj
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
®
8. Which tool is an Exc el add-in for performing what-if analyses?
jj jj jj jj jj j j j jj jj jj
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
j j jj jj jj
TOPICS: A-Head: 1.2 Overview of the Book jj jj jj jj jj
OTHER: BUSPROG: Analytic | DISC: Decision Making jj jj jj jj jj
Business Analytics: Data Analysis & Decision Making, jj jj jj jj jj jj
