Solution manual for introduction to business analytics 1st edition by vernon richardson and marcia watson

Chapteru01u–
uSpecifyutheuQuestion:uUsinguBusinessuAnalyticsutouAddressuBusinessuQuestions



Solution Manual for Introduction to Business Analytics, 1
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st Edition
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By Vernon Richardson and Marcia WatsonV
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erified Chapter's 1 - 12 | Complete
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, Chapteru01u–
uSpecifyutheuQuestion:uUsinguBusinessuAnalyticsutouAddressuBusinessuQuestions




TABLE OF CONTENTS u u




Chapteru1:uSpecifyutheuQuestion:uUsinguBusinessuAnalyticsutouAddressuBusinessuQuestion

suChapteru2:uObtainutheuData:uAnuIntroductionutouBusinessuDatauSources

Chapteru3:uAnalyzeutheuData:uBasicuStatisticsuanduToolsuRequireduinuBusinessuAnalytics

Chapteru4:uAnalyzeutheuData:uExploratoryuBusinessuAnalyticsu(DescriptiveuAnalyticsuanduDiagnosticuAnalytics)u

Chapteru5:uAnalyzeutheuData:uConfirmatoryuBusinessuAnalyticsu(PredictiveuAnalyticsuanduPrescriptiveuAnalytics

)uChapteru6:uReportutheuResults:uUsinguDatauVisualization

Chapteru7:uMarketinguAnalyticsuC

hapteru8:uAccountinguAnalyticsuC

hapteru9:uFinancialuAnalyticsuCha

pteru10:uOperationsuAnalytics

Chapteru11:uAdvanceduBusinessuAnalytics

Chapteru12:uUsingutheuSOARuAnalyticsuModelutouPutuItuAlluTogether:uThreeuCapstoneuProjects

, Chapteru01u–
uSpecifyutheuQuestion:uUsinguBusinessuAnalyticsutouAddressuBusinessuQuestions




Chapter 1 End-of-Chapter Assignment Solutions
u u u u




MultipleuChoiceuQuestions
1. (LOu1.1)uAucoordinated,ustandardizedusetuofuactivitiesuconductedubyubothupeopleuanduequipmentutouaccomplishu
auspecificubusinessutaskuisucalled .
a. businessuprocesses
b. businessuanalysis
c. businessuprocedure
d. businessuvalue

2. (LOu1.2)uAccordingutoutheuinformationuvalueuchain,udataucombineduwithucontextuis
a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LOu1.5)uWhichuphaseuofutheuSOARuanalyticsumodeluaddressesutheuproperuwayutoucommunicateuresultsutouth
eudecisionumaker?
a. Specifyutheuquestion
b. Obtainutheudata
c. Analyzeutheudata
d. Reportutheuresults

4. (LOu1.5)uWhichuphaseuofutheuSOARuanalyticsumodeluinvolvesufindingutheumostuappropriateudatauneededutouaddres
sutheubusinessuquestion?
a. Specifyutheuquestion
b. Obtainutheudata
c. Analyzeutheudata
d. Reportutheuresults

5. (LOub1.5)ubWhichubquestionsubseekubinformationubaboutubTesla’subsalesubinubtheubnextubquarter?
a. Whatubhappened?ubWhatubisubhappening?
b. Whyubdidubitubhappen?ubWhatubareubtheubcausesubofubpastubresults?
c. Willubitubhappenubinubtheubfuture?ubWhatubisubtheubprobabilityubsomethingubwillubhappen?ubCanubw
eubforecastubwhatbwillubhappen?
d. Whatubshouldubweubdo,ubbasedubonubwhatubweubexpectubwillubhappen?ubHowubdoubweuboptimizeubou
rubperformanceubbasedbonubpotentialubconstraints?


6. (LOub1.5)ubWhichubquestionsubseekubinformationubonubtheubroutingubofubproductsubfromubQueretaro,ubMexico
ubtoubChicago,bUnitedubStatesubinubtheublastubquarter?

a. Whatubhappened?ubWhatubisubhappening?
b. Whyubdidubitubhappen?ubWhatubareubtheubcausesubofubpastubresults?
c. Willubitubhappenubinubtheubfuture?ubWhatubisubtheubprobabilityubsomethingubwillubhappen?ubCanubw
eubforecastubwhatubwillbhappen?
d. Whatubshouldubweubdo,ubbasedubonubwhatubweubexpectubwillubhappen?ubHowubdoubweuboptimizeubou
rubperformanceubbasedbonubpotentialubconstraints?

, Chapteru01u–
Specify
7. u(LO utheuQuestion:uUsinguBusinessuAnalyticsutouAddressuBusinessuQuestions
ub1.5)ubWhichubquestionsubaskubwhyubnetubincomeubisubincreasingubwhenubrevenuesubareubdecreasing

,ubcounterubtobexpectations?
a. Whatubhappened?ubWhatubisubhappening?
b. Whyubdidubitubhappen?ubWhatubareubtheubcausesubofubpastubresults?
c. Willubitubhappenubinubtheubfuture?ubWhatubisubtheubprobabilityubsomethingubwillubhappen?ubCanubw
eubforecastubwhatubwillbhappen?
d. Whatubshouldubweubdo,ubbasedubonubwhatubweubexpectubwillubhappen?ubHowubdoubweuboptimizeubou
rubperformanceubbasedbonubpotentialubconstraints?

8. (LOub1.5)ubWhichubquestionsubhelpubmanagersubunderstandubhowubtouborganizeubfutureubshipmentsubbased
ubonubexpectedbdemand?

a. Whatubhappened?ubWhatubisubhappening?
b. Whyubdidubitubhappen?ubWhatubareubtheubcausesubofubpastubresults?
c. Willubitubhappenubinubtheubfuture?ubWhatubisubtheubprobabilityubsomethingubwillubhappen?ubCanubw
eubforecastubwhatubwillbhappen?
d. Whatubshouldubweubdo,ubbasedubonubwhatubweubexpectubwillubhappen?ubHowubdoubweuboptimizeubou
rubperformancebbasedubonubpotentialubconstraints?

9. (LOub1.5)ubWhichubtermubrefersubtoubtheubcombinedubaccuracy,ubvalidity,ubandubconsistencyubofubdataubstore
dubandubuseduboverbtime?
a. Dataubintegrity
b. Datauboverload
c. Dataubvalue
d. Informationubvalue

10. (LOub1.3)ubAubspecialistubwhoubknowsubhowubtoubworkubwith,ubmanipulate,ubandubstatisticallyubtestubdataubisuba
a. decisionubmaker.
b. dataubscientist.
c. dataubanalyst.
d. decisionubscientist.

11. (LOub1.4)ubWhichubtypeubofubanalystsubpredictsubtheubamountubofubmoneyubthatubaubcompanyubwillubreceiveubfromubit
subcustomersubtobhelpubmanagementubevaluateubfutureubinvestmentsubbasedubonubexpectedubinvestmentubperfor
mance,ubsuchubasubinvestmentsubinubequipmentuborubemployeeubtraining?
a. Marketingubanalyst
b. Operationsubanalyst
c. Financialubanalyst
d. Accountingubanalyst

12. (LOub1.4)ubWhichubtypeubofubanalystubaddressesubquestionsubregardingubtaxubandubauditing?
a. Marketingubanalyst
b. Operationsubanalyst
c. Financialubanalyst
d. Accountingubanalyst

13. (LOub1.5)ubSupposeubaubcompanyubhasubtimelyubproductubreviewsubthatubareubavailableubwhenubneeded,ubbutubth
eubreviewsubarebbiased.ubTheseubproductubreviewsubareubwhichubtypeubofubdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©ubMcGrawubHillubLLC.ubAllubrightsubreserved.ubNoubreproductionuborubdistributionubwithoutubtheubpriorubwrittenubconsentubofubMcGrawub
HillubLLC.


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