Test Bank for Business Analytics Data Analysis and Decision Making 6th Edition by S. Christian Albright, Wayne L. Winston

TEST BANK u u




Business Analytics: Data Analysis & Decision Making,
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7th Edition. S. Christian Albright, Wayne L. Winston Verified
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u 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
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u following?
a. optimizationtechniques u b. decision analysis with uncertainty
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c. structured sensitivity analysis
u u u d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgeu u u u




TOPICS: A-Head: 1-2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




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.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgeu u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
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a. data analysis ub. dealing with uncertainty u u u




c. decision making
u u d. data mining
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgeu u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




4. Data analysis includes:
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a. data description u b. data inference
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c. the search for relationships in data
u u u u u u d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledgeu u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




Business Analytics: Data Analysis & Decision Making,u u u u u u

,OTHER: BUSPROG: Analytic | DISC: Decision Making
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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.
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Business Analytics: Data Analysis & Decision Making,
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, c. Verify the model. u u




d. Present the results. u u




e. Implement the model and update it through time. u u u u u u u




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
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TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




6. Which of the following would not be included under data analysis?
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a. measuringuncertainty b. data description u u u




c. data inference
u u d. search for relationships
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
u u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty u u u u u u




b. decision analysis for problems with uncertainty
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c. sensitivityanalysis u




d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
u u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




®
8. Which tool is an Exc el add-in for performing what-if analyses?
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a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
u u u u




TOPICS: A-Head: 1.2 Overview of the Book u u u u u




OTHER: BUSPROG: Analytic | DISC: Decision Making u u u u u




Business Analytics: Data Analysis & Decision Making,u u u u u u