TEST BANK
Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Verified Chapters 1 - 19, Complete
Business Analytics: Data Analysis & Decision Making,
,Chapter 1. Introduction to Business Analytics
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
following?
a. optimization techniques b. decision analysis with uncertainty
c. structured sensitivity analysis d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1-2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
2. Which statement is not true?
a. Dealing with uncertainty includes measuring uncertainty.
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
d. Dealing with uncertainty requires a basic understanding of probability.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
a. data analysis b. dealing with uncertainty
c. decision making d. data mining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
4. Data analysis includes:
a. data description b. data inference
c. the search for relationships in data d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
Business Analytics: Data Analysis & Decision Making,
,OTHER: BUSPROG: Analytic | DISC: Decision Making
5. Which of the following is not one of the steps in the modeling process?
a. Select the scale for the model.
b. Collect and summarize data.
c. Verify the model.
d. Present the results.
e. Implement the model and update it through time.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
6. Which of the following would not be included under data analysis?
a. measuring uncertainty b. data description
c. data inference d. search for relationships
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
7. The decision making process includes:
a. optimization techniques for problems with no uncertainty
b. decision analysis for problems with uncertainty
c. sensitivity analysis
d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
Business Analytics: Data Analysis & Decision Making,
, ®
8. Which tool is an Exc el
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS:1add-in for performing what-if analyses?
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
9. Which sof sthe sfollowing sstatements sare strue?
a. Three simportant sthemes srun sthrough sthe sbook: sdata sanalysis, sdecision smaking, sand suncertainty.
b. Data sanalysis sincludes sdata sdescription, sdata sinference, sand sthe ssearching sfor srelationships sin sdata
c. Decision smaking sincludes soptimization stechniques sfor sproblems swith sno suncertainty, sdecision
sanalysis sfor s problems swith suncertainty, sand sstructured ssensitivity sanalysis.
d. Dealing swith suncertainty sincludes smeasuring suncertainty sand smodeling suncertainty sexplicitly sinto sthe sanalysis.
e. All sof sthese sstatements sare strue.
ANSWER: e
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
TOPICS: A-Head: s1.2 sOverview sof sthe sBook
OTHER: BUSPROG: sAnalytic s| sDISC: sDecision sMaking
10. Data sanalysis sincludes sdata sdescription, sdata sinference, sand sthe ssearch sfor srelationships sin sdata.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
TOPICS: A-Head: s1.2 sOverview sof sthe sBook
OTHER: BUSPROG: sAnalytic s| sDISC: sDecision sMaking
11. Decision-making sincludes soptimization stechniques sfor sproblems swith scertainty, sdecision sanalysis sfor
sproblems swith s certainty, sand sstructured ssensitivity sanalysis.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
Business Analytics: Data Analysis & Decision Making,
Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Verified Chapters 1 - 19, Complete
Business Analytics: Data Analysis & Decision Making,
,Chapter 1. Introduction to Business Analytics
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
following?
a. optimization techniques b. decision analysis with uncertainty
c. structured sensitivity analysis d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1-2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
2. Which statement is not true?
a. Dealing with uncertainty includes measuring uncertainty.
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
d. Dealing with uncertainty requires a basic understanding of probability.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
a. data analysis b. dealing with uncertainty
c. decision making d. data mining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
4. Data analysis includes:
a. data description b. data inference
c. the search for relationships in data d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
Business Analytics: Data Analysis & Decision Making,
,OTHER: BUSPROG: Analytic | DISC: Decision Making
5. Which of the following is not one of the steps in the modeling process?
a. Select the scale for the model.
b. Collect and summarize data.
c. Verify the model.
d. Present the results.
e. Implement the model and update it through time.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
6. Which of the following would not be included under data analysis?
a. measuring uncertainty b. data description
c. data inference d. search for relationships
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
7. The decision making process includes:
a. optimization techniques for problems with no uncertainty
b. decision analysis for problems with uncertainty
c. sensitivity analysis
d. all of these choices
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
Business Analytics: Data Analysis & Decision Making,
, ®
8. Which tool is an Exc el
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS:1add-in for performing what-if analyses?
DIFFICULTY: Easy | Bloom's: Comprehension
TOPICS: A-Head: 1.2 Overview of the Book
OTHER: BUSPROG: Analytic | DISC: Decision Making
9. Which sof sthe sfollowing sstatements sare strue?
a. Three simportant sthemes srun sthrough sthe sbook: sdata sanalysis, sdecision smaking, sand suncertainty.
b. Data sanalysis sincludes sdata sdescription, sdata sinference, sand sthe ssearching sfor srelationships sin sdata
c. Decision smaking sincludes soptimization stechniques sfor sproblems swith sno suncertainty, sdecision
sanalysis sfor s problems swith suncertainty, sand sstructured ssensitivity sanalysis.
d. Dealing swith suncertainty sincludes smeasuring suncertainty sand smodeling suncertainty sexplicitly sinto sthe sanalysis.
e. All sof sthese sstatements sare strue.
ANSWER: e
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
TOPICS: A-Head: s1.2 sOverview sof sthe sBook
OTHER: BUSPROG: sAnalytic s| sDISC: sDecision sMaking
10. Data sanalysis sincludes sdata sdescription, sdata sinference, sand sthe ssearch sfor srelationships sin sdata.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
TOPICS: A-Head: s1.2 sOverview sof sthe sBook
OTHER: BUSPROG: sAnalytic s| sDISC: sDecision sMaking
11. Decision-making sincludes soptimization stechniques sfor sproblems swith scertainty, sdecision sanalysis sfor
sproblems swith s certainty, sand sstructured ssensitivity sanalysis.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: s Easy s| sBloom's: sKnowledge
Business Analytics: Data Analysis & Decision Making,
