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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.
Business Analytics: Data Analysis & Decision Making,
| | | | | |
, 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
®
8. Which |tool |is |an |Exc | el
| add-in |for |performing |what-if |analyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: | Easy || |Bloom's: |Comprehension
TOPICS: A-Head: |1.2 |Overview |of |the |Book
OTHER: BUSPROG: |Analytic || |DISC: |Decision |Making
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.
Business Analytics: Data Analysis & Decision Making,
| | | | | |
, 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
®
8. Which |tool |is |an |Exc | el
| add-in |for |performing |what-if |analyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: | Easy || |Bloom's: |Comprehension
TOPICS: A-Head: |1.2 |Overview |of |the |Book
OTHER: BUSPROG: |Analytic || |DISC: |Decision |Making
Business Analytics: Data Analysis & Decision Making,
| | | | | |
