Business Analytics Data Analysis and Decision Making 6th Edition by S. Christian Albright Test Bank

,Ch1
1. Thedecision-makingthemescoveredinBusinessAnalytics:DataAnalysis&DecisionMakingincludewhichofthe
j j j j




following?
a. optimizationtechniques b. decisionanalysis withuncertainty
j j




c. structuredsensitivityanalysis d. allofthesechoices j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1-2OverviewoftheBook j




OTHER: BUSPROG:Analytic|DISC:DecisionMaking

2. Whichstatementisnottrue? j




a. Dealingwithuncertaintyincludesmeasuringuncertainty.
j




b. Dealingwithuncertaintyincludesmodelinguncertaintyexplicitlyintotheanalysis.
j j j




c. Dealingwithuncertaintyincludeseliminatinguncertaintybyusingthenormalprobabilitydistribution.
j j




d. Dealingwithuncertaintyrequiresabasicunderstandingofprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

3. WhatisnotoneoftheimportantthemesofyourBusinessAnalytics:DataAnalysis&DecisionMakingtext?
j j




a. dataanalysis b. dealingwithuncertainty j j




c. decisionmaking j
d. datamining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

4. Dataanalysisincludes:
j




a. datadescription b. datainference
c. thesearchforrelationshipsindata d. allofthesechoices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

5. Whichofthefollowingisnotoneofthestepsinthemodelingprocess?
j j




a. Selectthescaleforthemodel. j




b. Collectandsummarizedata.
j




c. Verifythemodel.
d. Presenttheresults.j




e. Implementthemodelandupdateitthroughtime.

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,Ch1
ANSWER: a
POINTS: 1
DIFFICULTY: Easy|Bloom's:Comprehension
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

6. Whichofthefollowingwouldnotbeincludedunderdataanalysis?
j




a. measuringuncertainty b. datadescription
j




c. datainference d. searchforrelationships
ANSWER: a
POINTS: 1
DIFFICULTY: Easy|Bloom's:Comprehension
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

7. Thedecisionmakingprocessincludes:
j




a. optimizationtechniquesforproblemswithnouncertainty
j




b. decisionanalysisforproblemswithuncertainty
j j




c. sensitivityanalysis
d. allofthesechoices
j




ANSWER: d
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

8. WhichtoolisanExcel®add-inforperformingwhat-ifanalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy|Bloom's:Comprehension
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

9. Whichofthefollowingstatementsaretrue?
a. Threeimportantthemesrunthroughthebook:dataanalysis,decisionmaking,anduncertainty.
j j j




b. Dataanalysisincludesdatadescription,datainference,andthesearchingforrelationshipsindata
c. Decisionmakingincludesoptimizationtechniquesforproblemswithnouncertainty,decisionanalysisfor
j




problemswithuncertainty,andstructuredsensitivityanalysis.
d. Dealingwithuncertaintyincludesmeasuringuncertaintyandmodelinguncertaintyexplicitlyintotheanalysis.
j j




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, Ch1
e. Allofthesestatementsaretrue.
ANSWER: e
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

10. Dataanalysisincludesdatadescription,datainference,andthesearchforrelationshipsindata.
j




a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

11. Decision-makingincludesoptimizationtechniquesforproblemswithcertainty,decisionanalysisforproblemswith
certainty,andstructuredsensitivityanalysis.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

12.
Arelativelynewaspectofbusinessanalyticsisbigdata,whichtypicallyimpliestheanalysisoftheverylargedatasetsthat
j j j j




companiescurrentlyencounter.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook
OTHER: BUSPROG:Analytic|DISC:DecisionMaking

13. ThreeimportantthemesrunthroughtheBusinessAnalytics:DataAnalysis&DecisionMakingtext:dataanalysis,
j




decision-making,anddealingwithuncertainty.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy|Bloom's:Knowledge
TOPICS: A-Head:1.2OverviewoftheBook

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