Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
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Solution Manual for Introduction to Business Analytics,
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1st Edition
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By Vernon Richardson and Marcia Watson
po po po po po
Verified Chapter's 1 - 12 | Complete
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, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
TABLE OF CONTENTS po po po
Chapterpo1:poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestionspopo
Chapterpo2:poObtainpothepoData:poAnpoIntroductionpotopoBusinesspoDatapoSourcespopo
Chapterpo3:poAnalyzepothepoData:poBasicpoStatisticspoandpoToolspoRequiredpoinpoBusinesspoAnalyticspopo
Chapterpo4:poAnalyzepothepoData:poExploratorypoBusinesspoAnalyticspo(DescriptivepoAnalyticspoandpoDiagnosticp
oAnalytics)popo
a
Chapterpo5:poAnalyzepothepoData:poConfirmatorypoBusinesspoAnalyticspo(PredictivepoAnalyticspoandpoPrescriptiv
epoAnalytics)popo
i h
Chapterpo6:poReportpothepoResults:poUsingpoDatapoVisualizationpopo
Chapterpo7:poMarketingpoAnalyticspopo
t u
Chapterpo8:poAccountingpoAnalyticspopo
Chapterpo9:poFinancialpoAnalyticspopo
b
Chapterpo10:poOperationspoAnalyticspopo m
Chapterpo11:poAdvancedpoBusinesspoAnalyticspopo
Chapterpo12:poUsingpothepoSOARpoAnalyticspoModelpotopoPutpoItpoAllpoTogether:poThreepoCapstonepoProjectspopo
, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
Chapterpo1poEnd-of-ChapterpoAssignmentpoSolutions
MultiplepoChoicepoQuestions
1. (LOpo1.1)poApocoordinated,postandardizedposetpoofpoactivitiespoconductedpobypobothpopeoplepoandpoequipme
ntpotopoaccomplishpoapospecificpobusinesspotaskpoispocalled.
a. businesspoprocesses
b. businesspoanalysis
c. businesspoprocedure
d. businesspovalue
2. (LOpo1.2)poAccordingpotopothepoinformationpovaluepochain,podatapocombinedpowithpocontextpois
a. Information.
b. Knowledge.
c. Insight.
d. Value.
i a
3. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoaddressespothepoproperpowaypotopocommun
h
icateporesultspotopothepodecisionpomaker?
a. Specifypothepoquestion
b. Obtainpothepodata
t
c. Analyzepothepodata
d. Reportpotheporesults
u
4. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoinvolvespofindingpothepomostpoappropriatepodata
poneededpotopoaddresspothepobusinesspoquestion?
a. Specifypothepoquestion
b
b. Obtainpothepodata
c. Analyzepothepodata
d. Reportpotheporesults
m
5. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoaboutpoTesla’sposalespoinpotheponextpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanp
owepoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
6. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoonpotheporoutingpoofpoproductspofrompoQueretaro,poM
exicopotopoChicago,poUnitedpoStatespoinpothepolastpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
, Chapterpo01po–
SpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
7. po
(LO po1.5)poWhichpoquestionspoaskpowhyponetpoincomepoispoincreasingpowhenporevenuespoarepodecr
ns
easing,pocounterpotopoexpectations?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
8. (LOpo1.5)poWhichpoquestionspohelppomanagerspounderstandpohowpotopoorganizepofutureposhipmentspoba
sedpoonpoexpectedpodemand?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimiz
9.
a
epoourpoperformancepobasedpoonpopotentialpoconstraints?
(LOpo1.5)poWhichpotermporeferspotopothepocombinedpoaccuracy,povalidity,poandpoconsistencypoofpodataposto
i
redpoandpousedpooverpotime?
a. Datapointegrity
b. Datapooverload
h
c. Datapovalue
t
d. Informationpovalue
u
10. (LOpo1.3)poApospecialistpowhopoknowspohowpotopoworkpowith,pomanipulate,poandpostatisticallypotestpodatapoispoa
a. decisionpomaker.
b. dataposcientist.
b
c. datapoanalyst.
d. decisionposcientist.
m
11. (LOpo1.4)poWhichpotypepoofpoanalystspopredictspothepoamountpoofpomoneypothatpoapocompanypowillporeceivepof
rompoitspocustomerspotopohelppomanagementpoevaluatepofuturepoinvestmentspobasedpoonpoexpectedpoinvestme
ntpoperformance,posuchpoaspoinvestmentspoinpoequipmentpoorpoemployeepotraining?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst
12. (LOpo1.4)poWhichpotypepoofpoanalystpoaddressespoquestionsporegardingpotaxpoandpoauditing?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst
13. (LOpo1.5)poSupposepoapocompanypohaspotimelypoproductporeviewspothatpoarepoavailablepowhenponeeded,po
butpotheporeviewspoarepobiased.poThesepoproductporeviewspoarepowhichpotypepoofpodata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©poMcGrawpoHillpoLLC.poAllporightsporeserved.poNoporeproductionpoorpodistributionpowithoutpothepopriorpowrittenpoconsentpoofpoMc
GrawpoHillpoLLC.
4
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
Solution Manual for Introduction to Business Analytics,
po po po po po po po
1st Edition
po
By Vernon Richardson and Marcia Watson
po po po po po
Verified Chapter's 1 - 12 | Complete
po po po po po po
i a
t h
b u
m
, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
TABLE OF CONTENTS po po po
Chapterpo1:poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestionspopo
Chapterpo2:poObtainpothepoData:poAnpoIntroductionpotopoBusinesspoDatapoSourcespopo
Chapterpo3:poAnalyzepothepoData:poBasicpoStatisticspoandpoToolspoRequiredpoinpoBusinesspoAnalyticspopo
Chapterpo4:poAnalyzepothepoData:poExploratorypoBusinesspoAnalyticspo(DescriptivepoAnalyticspoandpoDiagnosticp
oAnalytics)popo
a
Chapterpo5:poAnalyzepothepoData:poConfirmatorypoBusinesspoAnalyticspo(PredictivepoAnalyticspoandpoPrescriptiv
epoAnalytics)popo
i h
Chapterpo6:poReportpothepoResults:poUsingpoDatapoVisualizationpopo
Chapterpo7:poMarketingpoAnalyticspopo
t u
Chapterpo8:poAccountingpoAnalyticspopo
Chapterpo9:poFinancialpoAnalyticspopo
b
Chapterpo10:poOperationspoAnalyticspopo m
Chapterpo11:poAdvancedpoBusinesspoAnalyticspopo
Chapterpo12:poUsingpothepoSOARpoAnalyticspoModelpotopoPutpoItpoAllpoTogether:poThreepoCapstonepoProjectspopo
, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
Chapterpo1poEnd-of-ChapterpoAssignmentpoSolutions
MultiplepoChoicepoQuestions
1. (LOpo1.1)poApocoordinated,postandardizedposetpoofpoactivitiespoconductedpobypobothpopeoplepoandpoequipme
ntpotopoaccomplishpoapospecificpobusinesspotaskpoispocalled.
a. businesspoprocesses
b. businesspoanalysis
c. businesspoprocedure
d. businesspovalue
2. (LOpo1.2)poAccordingpotopothepoinformationpovaluepochain,podatapocombinedpowithpocontextpois
a. Information.
b. Knowledge.
c. Insight.
d. Value.
i a
3. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoaddressespothepoproperpowaypotopocommun
h
icateporesultspotopothepodecisionpomaker?
a. Specifypothepoquestion
b. Obtainpothepodata
t
c. Analyzepothepodata
d. Reportpotheporesults
u
4. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoinvolvespofindingpothepomostpoappropriatepodata
poneededpotopoaddresspothepobusinesspoquestion?
a. Specifypothepoquestion
b
b. Obtainpothepodata
c. Analyzepothepodata
d. Reportpotheporesults
m
5. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoaboutpoTesla’sposalespoinpotheponextpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanp
owepoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
6. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoonpotheporoutingpoofpoproductspofrompoQueretaro,poM
exicopotopoChicago,poUnitedpoStatespoinpothepolastpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
, Chapterpo01po–
SpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
7. po
(LO po1.5)poWhichpoquestionspoaskpowhyponetpoincomepoispoincreasingpowhenporevenuespoarepodecr
ns
easing,pocounterpotopoexpectations?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?
8. (LOpo1.5)poWhichpoquestionspohelppomanagerspounderstandpohowpotopoorganizepofutureposhipmentspoba
sedpoonpoexpectedpodemand?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimiz
9.
a
epoourpoperformancepobasedpoonpopotentialpoconstraints?
(LOpo1.5)poWhichpotermporeferspotopothepocombinedpoaccuracy,povalidity,poandpoconsistencypoofpodataposto
i
redpoandpousedpooverpotime?
a. Datapointegrity
b. Datapooverload
h
c. Datapovalue
t
d. Informationpovalue
u
10. (LOpo1.3)poApospecialistpowhopoknowspohowpotopoworkpowith,pomanipulate,poandpostatisticallypotestpodatapoispoa
a. decisionpomaker.
b. dataposcientist.
b
c. datapoanalyst.
d. decisionposcientist.
m
11. (LOpo1.4)poWhichpotypepoofpoanalystspopredictspothepoamountpoofpomoneypothatpoapocompanypowillporeceivepof
rompoitspocustomerspotopohelppomanagementpoevaluatepofuturepoinvestmentspobasedpoonpoexpectedpoinvestme
ntpoperformance,posuchpoaspoinvestmentspoinpoequipmentpoorpoemployeepotraining?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst
12. (LOpo1.4)poWhichpotypepoofpoanalystpoaddressespoquestionsporegardingpotaxpoandpoauditing?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst
13. (LOpo1.5)poSupposepoapocompanypohaspotimelypoproductporeviewspothatpoarepoavailablepowhenponeeded,po
butpotheporeviewspoarepobiased.poThesepoproductporeviewspoarepowhichpotypepoofpodata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©poMcGrawpoHillpoLLC.poAllporightsporeserved.poNoporeproductionpoorpodistributionpowithoutpothepopriorpowrittenpoconsentpoofpoMc
GrawpoHillpoLLC.
4
