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