Page 3 out of 32 results
Sort by
-
Chapter 12: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 35 pages • 2020
-
- $8.49
- 2x sold
- + learn more
1. Forecasting models can be divided into three groups. They are:
a. time series, optimization, and simulation methods
b. judgmental, extrapolation, and econometric methods
c. judgmental, random, and linear methods
d. linear, non-linear, and extrapolation methods

2. Extrapolation methods attempt to:
a. use non-quantitative methods to predict future values
b. search for patterns in the data and then use those to predict future values
c. find variables that are correlated with the data being pred...
-
Chapter 16: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 32 pages • 2020
-
- $8.99
- 2x sold
- + learn more
1. Which of the following is typically not an application of simulation models?
a. Operations models
b. Financial models
c. Marketing models
d. Value of Information models
e. None of these options

2. Bidding for contracts is an example of which of the following types of simulation model application?
a. Operations models
b. Financial models
c. Marketing models
d. Games of chance
e. None of these options

3. Cash balance models are an example of which of the following types of simulation applicat...
-
Chapter 9: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 34 pages • 2020
-
- $7.49
- 2x sold
- + learn more
1. The null hypothesis usually represents the:
a. theory the researcher would like to prove. b. preconceived ideas of the researcher
c. perceptions of the sample population d. status quo

2. In statistical analysis, the burden of proof lies traditionally with the:
a. alternative hypothesis b. null hypothesis
c. analyst d. facts presented to the statistical analyst

3. The hypothesis that an analyst is trying to prove is called the:
a. elective hypothesis b. alternative hypothesis
c. optional hyp...
-
Chapter 14: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 64 pages • 2020
-
- $8.99
- 2x sold
- + learn more
1. Many organizations must determine how to schedule employees to provide adequate service. If we assume that an
organization faces the same situation each week, this is referred to as
a. static scheduling problem
b. dynamic scheduling problem
c. transportation scheduling problem
d. All of these options

A meat market manager for a large grocery store is preparing a processing plan to stock the shelves with
sausage, ground meat, and jerky, which he can prepare from beef, pork and venison. Sausag...
-
Chapter 19: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 4 pages • 2020
-
- $8.99
- 4x sold
- + learn more
1. An observational study:
a. analyzes data already available
b. makes it possible to rule out factors over which the researcher has no control for the observed effects
c. examines individuals that have been selected by the researchers
d. allows researchers to control for all extraneous factors

2. Priti is wondering whether time of day impacts worker productivity. She randomly chooses 25 workers from each of
the three shifts her company runs. The design of this study is
a. even
b. balanced
c. u...
Get paid weekly? You can!
-
Chapter 17: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 5 pages • 2020
-
- $8.99
- 3x sold
- + learn more
1. Which methodology is used to group products that customers purchase together?
a. Market basket analysis
b. Prediction
c. Classification analysis
d. Forecasting

2. Mya is investigating the factors that impact soda consumption. She examines a host of variables that help explain the
amount consumed. Which type of data mining methodology is she most likely to use?
a. Market basket analysis
b. Prediction
c. Classification analysis
d. Forecasting

3. A facts table has:
a. few rows and many columns...
-
Chapter 2: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 25 pages • 2020
-
- $9.99
- 1x sold
- + learn more
1. A sample of a population taken at one particular point in time is categorized as:
a. categorical b. discrete
c. cross-sectional d. time-series
 c
2. Excel stores dates as
a. numbers b. variables
c. records d. text
 a
3. Researchers may gain insight into the characteristics of a population by examining a
a. mathematical model describing the population
b. sample of the population
c. description of the population
d. replica
 b
4. In order for the characteristics of a sample to be generalized to ...
-
Chapter 5:Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 16 pages • 2020
-
- $8.49
- 1x sold
- + learn more
A popular retail store knows that the distribution of purchase amounts by its customers is approximately normal with a
mean of $30 and a standard deviation of $9. Below you will find normal probability and percentile calculations related
to the customer purchase amounts.
Probability Calculations
P(Sales < $ 15.00) = 0.048, P(Sales < $ 20.00) = 0.133,
P(Sales < $ 25.00) = 0.289, P(Sales < $ 35.00) = 0.711
Percentiles Calculations
1st Percentile = $9.06, 5th Percentile = $15.20,
95th P...
-
Chapter: 4 Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 15 pages • 2020
-
- $8.49
- + learn more
1. Probabilities that cannot be estimated from long-run relative frequencies of events are
a. objective probabilities b. subjective probabilities
c. complementary probabilities d. joint probabilities

2. The probability of an event and the probability of its complement always sum to
a. 1 b. 0
c. any value between 0 and 1 d. any positive value

3. If events A and B are mutually exclusive, then the probability of both events occurring simultaneously is
equal to
a. 0.0 b. 0.5
c. 1.0 d. any value be...
-
Chapter 01: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 6 pages • 2020
-
- $8.99
- + learn more
1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the
following?
a. Optimization techniques b. Decision analysis with uncertainty
c. Structured sensitivity analysis d. All of these options

2. Which of the following statements 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 u...
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia