Chapter,01,–
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
Solution,Manual,for,Introduction,to,Business,Analytics,,
1st,Edition
By,Vernon,Richardson,and,Marcia,Watson
Verified,Chapter's,1,-,12,|,Complete
, Chapter,01,–
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
TABLE OF CONTENTS , , ,
Chapter,1:,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions,,
Chapter,2:,Obtain,the,Data:,An,Introduction,to,Business,Data,Sources,,
Chapter,3:,Analyze,the,Data:,Basic,Statistics,and,Tools,Required,in,Business,Analytics,,
Chapter,4:,Analyze,the,Data:,Exploratory,Business,Analytics,(Descriptive,Analytics,and,Diagnostic,Analytics),,
Chapter,5:,Analyze,the,Data:,Confirmatory,Business,Analytics,(Predictive,Analytics,and,Prescriptive,Analytics),,
Chapter,6:,Report,the,Results:,Using,Data,Visualization,,
Chapter,7:,Marketing,Analytics,,
Chapter,8:,Accounting,Analytics,,
Chapter,9:,Financial,Analytics,,
Chapter,10:,Operations,Analytics,,
Chapter,11:,Advanced,Business,Analytics,,
Chapter,12:,Using,the,SOAR,Analytics,Model,to,Put,It,All,Together:,Three,Capstone,Projects,,
, Chapter,01,–
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
Chapter,1,End-of-Chapter,Assignment,Solutions
Multiple,Choice,Questions
1. (LO,1.1),A,coordinated,,standardized,set,of,activities,conducted,by,both,people,and,equipment,to,accomplish
,a,specific,business,task,is,called .
a. business,processes
b. business,analysis
c. business,procedure
d. business,value
2. (LO,1.2),According,to,the,information,value,chain,,data,combined,with,context,is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO,1.5),Which,phase,of,the,SOAR,analytics,model,addresses,the,proper,way,to,communicate,results,to,t
he,decision,maker?
a. Specify,the,question
b. Obtain,the,data
c. Analyze,the,data
d. Report,the,results
4. (LO,1.5),Which,phase,of,the,SOAR,analytics,model,involves,finding,the,most,appropriate,data,needed,to,addre
ss,the,business,question?
a. Specify,the,question
b. Obtain,the,data
c. Analyze,the,data
d. Report,the,results
5. (LO,1.5),Which,questions,seek,information,about,Tesla’s,sales,in,the,next,quarter?
a. What,happened?,What,is,happening?
b. Why,did,it,happen?,What,are,the,causes,of,past,results?
c. Will,it,happen,in,the,future?,What,is,the,probability,something,will,happen?,Can,we,forecast,wh
at,will,happen?
d. What,should,we,do,,based,on,what,we,expect,will,happen?,How,do,we,optimize,our,performance,bas
ed,on,potential,constraints?
6. (LO,1.5),Which,questions,seek,information,on,the,routing,of,products,from,Queretaro,,Mexico,to,Chicag
o,,United,States,in,the,last,quarter?
a. What,happened?,What,is,happening?
b. Why,did,it,happen?,What,are,the,causes,of,past,results?
c. Will,it,happen,in,the,future?,What,is,the,probability,something,will,happen?,Can,we,forecast,what,
will,happen?
d. What,should,we,do,,based,on,what,we,expect,will,happen?,How,do,we,optimize,our,performance,bas
, Chapter,01,–
,Specify,the
ed,oQuestion: ,Using
n,potential ,Business,Analytics,to,Address,Business,Questions
,constraints?
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
Solution,Manual,for,Introduction,to,Business,Analytics,,
1st,Edition
By,Vernon,Richardson,and,Marcia,Watson
Verified,Chapter's,1,-,12,|,Complete
, Chapter,01,–
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
TABLE OF CONTENTS , , ,
Chapter,1:,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions,,
Chapter,2:,Obtain,the,Data:,An,Introduction,to,Business,Data,Sources,,
Chapter,3:,Analyze,the,Data:,Basic,Statistics,and,Tools,Required,in,Business,Analytics,,
Chapter,4:,Analyze,the,Data:,Exploratory,Business,Analytics,(Descriptive,Analytics,and,Diagnostic,Analytics),,
Chapter,5:,Analyze,the,Data:,Confirmatory,Business,Analytics,(Predictive,Analytics,and,Prescriptive,Analytics),,
Chapter,6:,Report,the,Results:,Using,Data,Visualization,,
Chapter,7:,Marketing,Analytics,,
Chapter,8:,Accounting,Analytics,,
Chapter,9:,Financial,Analytics,,
Chapter,10:,Operations,Analytics,,
Chapter,11:,Advanced,Business,Analytics,,
Chapter,12:,Using,the,SOAR,Analytics,Model,to,Put,It,All,Together:,Three,Capstone,Projects,,
, Chapter,01,–
,Specify,the,Question:,Using,Business,Analytics,to,Address,Business,Questions
Chapter,1,End-of-Chapter,Assignment,Solutions
Multiple,Choice,Questions
1. (LO,1.1),A,coordinated,,standardized,set,of,activities,conducted,by,both,people,and,equipment,to,accomplish
,a,specific,business,task,is,called .
a. business,processes
b. business,analysis
c. business,procedure
d. business,value
2. (LO,1.2),According,to,the,information,value,chain,,data,combined,with,context,is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO,1.5),Which,phase,of,the,SOAR,analytics,model,addresses,the,proper,way,to,communicate,results,to,t
he,decision,maker?
a. Specify,the,question
b. Obtain,the,data
c. Analyze,the,data
d. Report,the,results
4. (LO,1.5),Which,phase,of,the,SOAR,analytics,model,involves,finding,the,most,appropriate,data,needed,to,addre
ss,the,business,question?
a. Specify,the,question
b. Obtain,the,data
c. Analyze,the,data
d. Report,the,results
5. (LO,1.5),Which,questions,seek,information,about,Tesla’s,sales,in,the,next,quarter?
a. What,happened?,What,is,happening?
b. Why,did,it,happen?,What,are,the,causes,of,past,results?
c. Will,it,happen,in,the,future?,What,is,the,probability,something,will,happen?,Can,we,forecast,wh
at,will,happen?
d. What,should,we,do,,based,on,what,we,expect,will,happen?,How,do,we,optimize,our,performance,bas
ed,on,potential,constraints?
6. (LO,1.5),Which,questions,seek,information,on,the,routing,of,products,from,Queretaro,,Mexico,to,Chicag
o,,United,States,in,the,last,quarter?
a. What,happened?,What,is,happening?
b. Why,did,it,happen?,What,are,the,causes,of,past,results?
c. Will,it,happen,in,the,future?,What,is,the,probability,something,will,happen?,Can,we,forecast,what,
will,happen?
d. What,should,we,do,,based,on,what,we,expect,will,happen?,How,do,we,optimize,our,performance,bas
, Chapter,01,–
,Specify,the
ed,oQuestion: ,Using
n,potential ,Business,Analytics,to,Address,Business,Questions
,constraints?
