TEST BANK x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
7th Edition. S. Christian Albright, Wayne L. Winston Verified
x x x x x x x x
x Chapters 1 - 19, Complete
x x x x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
,Chapter 1. Introduction to Business Analytics
x x x x x
1. Thedecision-makingthemes coveredinBusinessAnalytics:DataAnalysis&Decision Makinginclude whichofthe
x x x x x x x x x x x x x x x
x following?
a. optimizationtechniques x
b.decisionanalysiswithuncertainty
x
x x x
c. structuredsensitivityanalysis
x
x x
d.all of thesechoices
x
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1-2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
2. Whichstatementisnottrue?
x x x x
a. Dealingwithuncertaintyincludesmeasuringuncertainty.
x x x x x
b. Dealingwithuncertaintyincludesmodelinguncertaintyexplicitlyintotheanalysis.
x x x x x x x x x
c. Dealingwithuncertaintyincludeseliminatinguncertaintybyusingthenormalprobabilitydistribution.
x x x x x x x x x x x
d. Dealingwithuncertaintyrequiresabasicunderstandingofprobability.
x x x x x x x x
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
3. Whatisnotoneof theimportantthemesof yourBusiness Analytics:DataAnalysis&Decision Makingtext?
x x x x x x x x x x x x x x x x x
a. dataanalysis b.dealingwithuncertainty
x
x
x x
c. decisionmaking
x
x
d.dataminingx
x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
4. Dataanalysisincludes:
x x
a. datadescription x
b.datainference
x
x
c. thesearch forrelationships in data
x
x x x x x
d.all of thesechoices
x
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
Business Analytics: Data Analysis & Decision Making, x x x x x x
,OTHER: BUSPROG: Analytic | DISC: Decision Making
x x x x x
5. Whichof thefollowingis notone of thesteps inthe modeling process?
x x x x x x x x x x x x x
a. Selectthescaleforthemodel.
x x x x x
b. Collectandsummarizedata.
x x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
, c. Verifythemodel. x x
d. Presenttheresults. x x
e. Implementthemodelandupdateitthroughtime. x x x x x x x
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
6. Whichofthefollowingwouldnotbeincludedunderdataanalysis?
x x x x x x x x x x
a. measuringuncertainty b.datadescription x
x
x
c. datainference
x
x
d.searchforrelationships
x
x x
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
7. Thedecisionmakingprocessincludes:
x x x x
a. optimizationtechniquesforproblemswithnouncertainty x x x x x x
b. decisionanalysisforproblemswithuncertainty x x x x x
c. sensitivityanalysis x
d. allofthesechoices
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
®
8. Which tool is an Exc
x x x x x x
el add-inforperformingwhat-ifanalyses? x x x x
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
Business Analytics: Data Analysis & Decision Making, x x x x x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
7th Edition. S. Christian Albright, Wayne L. Winston Verified
x x x x x x x x
x Chapters 1 - 19, Complete
x x x x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
,Chapter 1. Introduction to Business Analytics
x x x x x
1. Thedecision-makingthemes coveredinBusinessAnalytics:DataAnalysis&Decision Makinginclude whichofthe
x x x x x x x x x x x x x x x
x following?
a. optimizationtechniques x
b.decisionanalysiswithuncertainty
x
x x x
c. structuredsensitivityanalysis
x
x x
d.all of thesechoices
x
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1-2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
2. Whichstatementisnottrue?
x x x x
a. Dealingwithuncertaintyincludesmeasuringuncertainty.
x x x x x
b. Dealingwithuncertaintyincludesmodelinguncertaintyexplicitlyintotheanalysis.
x x x x x x x x x
c. Dealingwithuncertaintyincludeseliminatinguncertaintybyusingthenormalprobabilitydistribution.
x x x x x x x x x x x
d. Dealingwithuncertaintyrequiresabasicunderstandingofprobability.
x x x x x x x x
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
3. Whatisnotoneof theimportantthemesof yourBusiness Analytics:DataAnalysis&Decision Makingtext?
x x x x x x x x x x x x x x x x x
a. dataanalysis b.dealingwithuncertainty
x
x
x x
c. decisionmaking
x
x
d.dataminingx
x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
4. Dataanalysisincludes:
x x
a. datadescription x
b.datainference
x
x
c. thesearch forrelationships in data
x
x x x x x
d.all of thesechoices
x
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
Business Analytics: Data Analysis & Decision Making, x x x x x x
,OTHER: BUSPROG: Analytic | DISC: Decision Making
x x x x x
5. Whichof thefollowingis notone of thesteps inthe modeling process?
x x x x x x x x x x x x x
a. Selectthescaleforthemodel.
x x x x x
b. Collectandsummarizedata.
x x x
Business Analytics: Data Analysis & Decision Making,
x x x x x x
, c. Verifythemodel. x x
d. Presenttheresults. x x
e. Implementthemodelandupdateitthroughtime. x x x x x x x
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
6. Whichofthefollowingwouldnotbeincludedunderdataanalysis?
x x x x x x x x x x
a. measuringuncertainty b.datadescription x
x
x
c. datainference
x
x
d.searchforrelationships
x
x x
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
7. Thedecisionmakingprocessincludes:
x x x x
a. optimizationtechniquesforproblemswithnouncertainty x x x x x x
b. decisionanalysisforproblemswithuncertainty x x x x x
c. sensitivityanalysis x
d. allofthesechoices
x x x
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
®
8. Which tool is an Exc
x x x x x x
el add-inforperformingwhat-ifanalyses? x x x x
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
x x x x
TOPICS: A-Head: 1.2 Overview of the Book x x x x x
OTHER: BUSPROG: Analytic | DISC: Decision Making x x x x x
Business Analytics: Data Analysis & Decision Making, x x x x x x
