Test Bank for Business Analytics 3rd Edition Evans / All Chapters 1 - 16 / Full Complete 2023

TEST BANK for Business Analytics 3rd
Edition by James Evans
COMPLETE CHAPTERS 1-16 WITH VERIFIED QUESTIONS &
ACCURATE SOLUTIONS| A+ PASS GUARANTEED




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, TablewsofwsContents
Chapterws1:

IntroductionwstowsBusinesswsAnalyti

cswsChapterws1:

AppendixwsA1wsBasicwsExcelwsSkil

lswsChapterws2: DatabasewsAnalytics

Chapterws3:

DatawsVisualizationws

Chapterws4:

DescriptivewsStatistic

s

Chapterws5:

ProbabilitywsDistributionswsandwsDatawsModel

ingwsChapterws6: SamplingwsandwsEstimation

Chapterws7: StatisticalwsInference

Chapterws8:

TrendlineswsandwsRegressionwsAnaly

siswsChapterws9: ForecastingwsTechniques

Chapterws10:

IntroductionwstowsDatawsMiningwsCh

apterws11:

SpreadsheetwsModelingwsandwsAnaly

siswsChapterws12:

SimulationwsandwsRiskwsAnalysiswsC

hapterws13: LinearwsOptimization

Chapterws14:

IntegerwsandwsNonlinearwsOptimizationwsMod
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,elswsChapterws15: OptimizationwsAnalytics

Chapterws16: DecisionwsAnalysis




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, Chapterws1:wsIntroductionwstowsBusinesswsAnalytics

1) Descriptivewsanalytics:

A) canwspredictwsriskwsandwsfindwsrelationshipswsinwsdatawsnotwsreadilywsapparentwswithwstraditionalwsanalyses.

B) helpswscompanieswsclassifywstheirwscustomerswsintowssegmentswstowsdevelopwsspecificwsmarketingwscampai
gns.

C) helpswsdetectwshiddenwspatternswsinwslargewsquantitieswsofwsdatawstowsgroupwsdatawsintowssetswstowspredictwsb
ehavior.

D) canwsusewsmathematicalwstechniqueswswithwsoptimizationwstowsmakewsdecisionswsthatwstakewsintowsa
ccountwsthewsuncertaintywsinwsthewsdata.

CorrectwsAnswer:wsBwsDiff:w

1 Blooms:wsRemember
s ws



Topic:wsDescriptive,wsPredictive,wsandwsPrescriptivewsAnalytics

LO1:wsIllustratewsexampleswsofwsdescriptive,wspredictive,wsandwsprescriptivewsanalytics.



2) AwsmanagerwsatwsGampcowsInc.wswisheswstowsknowwsthewscompany'swsrevenuewsandwsprofitwsinwsitswsprev
iouswsquarter.wsWhichwsofwsthewsfollowingwsbusinesswsanalyticswswillwshelpwsthewsmanager?

A) prescriptivewsanalytics

B) normativewsanalytics

C) descriptivewsanalytics

D) predictivewsanalyticswsCorrectwsAnswer:

CwsDiff:ws1
ws



Blooms:wsApplywsAACSB:wsAnalyticwsSkills

Topic:wsDescriptive,wsPredictive,wsandwsPrescriptivewsAnalytics

LO1:wsExplainwsthewsdifferencewsbetweenwsdescriptive,wspredictive,wsandwsprescriptivewsanalytics.



3) Predictivewsanalytics:

A) summarizeswsdatawsintowsmeaningfulwschartswsandwsreportswsthatwscanwsbewsstandardizedwsorwscustomized.

B) identifieswsthewsbestwsalternativeswstowsminimizewsorwsmaximizewsanwsobjective.

C) useswsdatawstowsdeterminewsawscoursewsofwsactionwstowsbewsexecutedwsinwsawsgivenwssituation.
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