BSIS EXAM 1 QUESTIONS WITH COMPLETE
SOLUTIONS
The |use |of |analytics |in |health |care |is |becoming |exceedingly |important |in |order |to |control |costs
|as |well |as..
a. |expand |their |services |into |foreign |markets.
b. |provide |a |multitude |of |online |health |care |services.
c. |acquire |additional |properties.
d. |provide |more |effective |treatments. |- |CORRECT |ANSWER✔✔-provide |more |effective |
treatments
A |retail |store |owner |offers |a |discount |on |product |A |and |predicts |that |customers |would |
purchase |products |B |and |C |in |addition |to |product |A. |Identify |the |technique |used |to |make |such
|a |prediction.
a. |Data |query
b. |Simulation
c. |Data |mining
d. |Data |dashboards |- |CORRECT |ANSWER✔✔-data |mining
Which |of |the |following |techniques |is |used |in |predictive |analytics?
a. |data |dashboards
b. |linear |regression
c. |data |visualization
,d. |optimization |models |- |CORRECT |ANSWER✔✔-linear |regression
Corporate-level |managers |use |______ |to |summarize |sales |by |region, |current |inventory |levels, |
and |other |company-wide |metrics |all |in |a |single |screen.
a. |simulation
b. |crosstabulation
c. |data |dashboards
d. |tables |- |CORRECT |ANSWER✔✔-data |dashboards
A |children's |apparel |manufacturer |could |use |descriptive |analytics |to
a. |present |supply |chain |to |managers |visually.
b. |achieve |efficiency |in |delivery |of |goods.
c. |schedule |staff |and |vehicles |for |delivery.
d. |plan |capacity |utilization |by |incorporating |the |inherent |uncertainty |in |commodities |pricing. |- |
CORRECT |ANSWER✔✔-present |supply |chain |to |managers |visually
The |scientific |process |of |transforming |data |into |insight |for |making |better |decisions |is |called
a. |business |analytics.
b. |data |analysis.
c. |statistical |studies.
d. |tactical |processes. |- |CORRECT |ANSWER✔✔-business |analytics
IBM |describes |Big |Data |through |the |phenomenon |of |the |4 |Vs, |shown |below. |Identify |the |"V" |
illustrated |by |data |at |rest.
, a. |volume
b. |velocity
c. |variety
d. |veracity |- |CORRECT |ANSWER✔✔-volume
Firms |guided |by |data-driven |decision |making |tend |to |have
a. |a |higher |market |value.
b. |lower |productivity.
c. |higher |risk.
d. |lower |profit. |- |CORRECT |ANSWER✔✔-a |higher |market |value
Which |of |the |following |analytical |techniques |is |designed |to |output |the |best |decision?
a. |predictive |analytics
b. |data |mining
c. |prescriptive |analytics
d. |descriptive |analytics |- |CORRECT |ANSWER✔✔-prescriptive |analytics
Simulation |optimization |helps
a. |in |identifying |the |constraints |of |the |situation.
b. |to |find |good |decisions |in |highly |complex |and |highly |uncertain |settings.
c. |in |assigning |values |to |outcomes.
SOLUTIONS
The |use |of |analytics |in |health |care |is |becoming |exceedingly |important |in |order |to |control |costs
|as |well |as..
a. |expand |their |services |into |foreign |markets.
b. |provide |a |multitude |of |online |health |care |services.
c. |acquire |additional |properties.
d. |provide |more |effective |treatments. |- |CORRECT |ANSWER✔✔-provide |more |effective |
treatments
A |retail |store |owner |offers |a |discount |on |product |A |and |predicts |that |customers |would |
purchase |products |B |and |C |in |addition |to |product |A. |Identify |the |technique |used |to |make |such
|a |prediction.
a. |Data |query
b. |Simulation
c. |Data |mining
d. |Data |dashboards |- |CORRECT |ANSWER✔✔-data |mining
Which |of |the |following |techniques |is |used |in |predictive |analytics?
a. |data |dashboards
b. |linear |regression
c. |data |visualization
,d. |optimization |models |- |CORRECT |ANSWER✔✔-linear |regression
Corporate-level |managers |use |______ |to |summarize |sales |by |region, |current |inventory |levels, |
and |other |company-wide |metrics |all |in |a |single |screen.
a. |simulation
b. |crosstabulation
c. |data |dashboards
d. |tables |- |CORRECT |ANSWER✔✔-data |dashboards
A |children's |apparel |manufacturer |could |use |descriptive |analytics |to
a. |present |supply |chain |to |managers |visually.
b. |achieve |efficiency |in |delivery |of |goods.
c. |schedule |staff |and |vehicles |for |delivery.
d. |plan |capacity |utilization |by |incorporating |the |inherent |uncertainty |in |commodities |pricing. |- |
CORRECT |ANSWER✔✔-present |supply |chain |to |managers |visually
The |scientific |process |of |transforming |data |into |insight |for |making |better |decisions |is |called
a. |business |analytics.
b. |data |analysis.
c. |statistical |studies.
d. |tactical |processes. |- |CORRECT |ANSWER✔✔-business |analytics
IBM |describes |Big |Data |through |the |phenomenon |of |the |4 |Vs, |shown |below. |Identify |the |"V" |
illustrated |by |data |at |rest.
, a. |volume
b. |velocity
c. |variety
d. |veracity |- |CORRECT |ANSWER✔✔-volume
Firms |guided |by |data-driven |decision |making |tend |to |have
a. |a |higher |market |value.
b. |lower |productivity.
c. |higher |risk.
d. |lower |profit. |- |CORRECT |ANSWER✔✔-a |higher |market |value
Which |of |the |following |analytical |techniques |is |designed |to |output |the |best |decision?
a. |predictive |analytics
b. |data |mining
c. |prescriptive |analytics
d. |descriptive |analytics |- |CORRECT |ANSWER✔✔-prescriptive |analytics
Simulation |optimization |helps
a. |in |identifying |the |constraints |of |the |situation.
b. |to |find |good |decisions |in |highly |complex |and |highly |uncertain |settings.
c. |in |assigning |values |to |outcomes.
