TEST BANK cii cii
Business Analytics: Data Analysis & Decision Making,
cii cii cii cii cii cii
7th Edition. S. Christian Albright, Wayne L. Winston
cii cii cii cii cii cii cii
ii Verified Chapters 1 - 19, Complete
cii cii cii cii cii
Business Analytics: Data Analysis & Decision
c c c c c
Making,
c
,Chapter 1. Introduction to Business Analytics
c c c c c
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which
c c c c c c c c c c c c c
of the following?
c c
a. optimizationtechniques b. decision analysis with uncertainty
c c c c
c. structured sensitivity analysis
c c c d. all of these choices
c c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1-2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
2. Which statement is not true?
c c c c
a. Dealing with uncertainty includes measuring uncertainty.
c c c c c
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c c c c c c c c c
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
c c c c c c c c c c c
d. Dealing with uncertainty requires a basic understanding of probability.
c c c c c c c c
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
c c c c c c c c c c c c c c c c c
a. data analysis b. dealing with uncertainty
c c c c
c. decision making
c c d. data mining
c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
4. Data analysis includes:
c c
a. data description c b. data inference
c c
c. the search for relationships in data d. all of these choices
c c c c c c c c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
Business Analytics: Data Analysis & Decision c c c c c
Making,
c
,OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
5. Which of the following is not one of the steps in the modeling process?
c c c c c c c c c c c c c
a. Select the scale for the model.
c c c c c
b. Collect and summarize data.
c c c
Business Analytics: Data Analysis & Decision
c c c c c
Making,
c
, c. Verify the model. c c
d. Present the results. c c
e. Implement the model and update it through time.
c c c c c c c
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
6. Which of the following would not be included under data analysis?
c c c c c c c c c c
a. measuringuncertainty b. data description c c
c. data inference
c c d. search for relationships
c c c
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
7. The decision making process includes:
c c c c
a. optimization techniques for problems with no uncertainty
c c c c c c
b. decision analysis for problems with uncertainty
c c c c c
c. sensitivity analysis c
d. all of these choices
c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
8. Which tool is an
c c c
add-in for performing what-if analyses?
c c c c
c Execl
®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
Business Analytics: Data Analysis & Decision c c c c c
Making,
c
Business Analytics: Data Analysis & Decision Making,
cii cii cii cii cii cii
7th Edition. S. Christian Albright, Wayne L. Winston
cii cii cii cii cii cii cii
ii Verified Chapters 1 - 19, Complete
cii cii cii cii cii
Business Analytics: Data Analysis & Decision
c c c c c
Making,
c
,Chapter 1. Introduction to Business Analytics
c c c c c
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which
c c c c c c c c c c c c c
of the following?
c c
a. optimizationtechniques b. decision analysis with uncertainty
c c c c
c. structured sensitivity analysis
c c c d. all of these choices
c c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1-2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
2. Which statement is not true?
c c c c
a. Dealing with uncertainty includes measuring uncertainty.
c c c c c
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
c c c c c c c c c
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
c c c c c c c c c c c
d. Dealing with uncertainty requires a basic understanding of probability.
c c c c c c c c
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
c c c c c c c c c c c c c c c c c
a. data analysis b. dealing with uncertainty
c c c c
c. decision making
c c d. data mining
c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making c c c c c
4. Data analysis includes:
c c
a. data description c b. data inference
c c
c. the search for relationships in data d. all of these choices
c c c c c c c c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Bookc c c c c
Business Analytics: Data Analysis & Decision c c c c c
Making,
c
,OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
5. Which of the following is not one of the steps in the modeling process?
c c c c c c c c c c c c c
a. Select the scale for the model.
c c c c c
b. Collect and summarize data.
c c c
Business Analytics: Data Analysis & Decision
c c c c c
Making,
c
, c. Verify the model. c c
d. Present the results. c c
e. Implement the model and update it through time.
c c c c c c c
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
6. Which of the following would not be included under data analysis?
c c c c c c c c c c
a. measuringuncertainty b. data description c c
c. data inference
c c d. search for relationships
c c c
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
7. The decision making process includes:
c c c c
a. optimization techniques for problems with no uncertainty
c c c c c c
b. decision analysis for problems with uncertainty
c c c c c
c. sensitivity analysis c
d. all of these choices
c c c
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
8. Which tool is an
c c c
add-in for performing what-if analyses?
c c c c
c Execl
®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension
c c c
TOPICS: A-Head: 1.2 Overview of the Book
c c c c c
OTHER: BUSPROG: Analytic | DISC: Decision Making
c c c c c
Business Analytics: Data Analysis & Decision c c c c c
Making,
c
