Solution Manual for Introduction to Business
Analytics, 1st Edition by Richardson
and Watson Verified Chapter's 1 -
12 | Complete
,
,TABLE OF CONTENTS
.E .E
Chapter 1: Specify the Question: Using Business Analytics to Address Business
Questions Chapter 2: Obtain the Data: An Introduction to Business Data Sources
Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics
Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic
Analytics) Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and
Prescriptive Analytics) Chapter 6: Report the Results: Using Data Visualization
Chapter 7: Marketing
Analytics Chapter 8:
Accounting Analytics Chapter
9: Financial Analytics Chapter
10: Operations Analytics
Chapter 11: Advanced Business Analytics
Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects
, Chapter1End-of-ChapterAssignmentSolutions
Multiple Choice Questions
1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and
equipment to accomplish aspecific business task is called .
a. business processes
b. business analysis
c. business procedure
d. business value
2. (LO 1.2) According to the information value chain, data combined with context is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to
communicate results to the decision maker?
.E
a. Specify the question
b. Obtain the data
c. Analyze the data
d. Report the results
4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data
needed to address the business question?
.E
a. Specify the question
b. Obtain the data
c. Analyze the data
d. Report the results
5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter?
a. What happened? What is happening?
b. Why did it happen? What are the causes of past results?
c. Will it happen in the future? What is the probability somethingwill happen? Can we forecast
what will happen?
.E
d. What should we do, based on what we expect will happen? How do we optimize our
performance based on potential constraints?
.E
6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to
Chicago,United States in the last quarter?
a. What happened? What ishappening?
b. Why did it happen? What are the causes of past results?
c. Will it happen in the future? What is the probability something will happen? Can
we forecast what will happen? .E
d. What should we do, based on what we expect will happen? How do we optimize our
performance based on potential constraints?
.E
Analytics, 1st Edition by Richardson
and Watson Verified Chapter's 1 -
12 | Complete
,
,TABLE OF CONTENTS
.E .E
Chapter 1: Specify the Question: Using Business Analytics to Address Business
Questions Chapter 2: Obtain the Data: An Introduction to Business Data Sources
Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics
Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic
Analytics) Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and
Prescriptive Analytics) Chapter 6: Report the Results: Using Data Visualization
Chapter 7: Marketing
Analytics Chapter 8:
Accounting Analytics Chapter
9: Financial Analytics Chapter
10: Operations Analytics
Chapter 11: Advanced Business Analytics
Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects
, Chapter1End-of-ChapterAssignmentSolutions
Multiple Choice Questions
1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and
equipment to accomplish aspecific business task is called .
a. business processes
b. business analysis
c. business procedure
d. business value
2. (LO 1.2) According to the information value chain, data combined with context is
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to
communicate results to the decision maker?
.E
a. Specify the question
b. Obtain the data
c. Analyze the data
d. Report the results
4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data
needed to address the business question?
.E
a. Specify the question
b. Obtain the data
c. Analyze the data
d. Report the results
5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter?
a. What happened? What is happening?
b. Why did it happen? What are the causes of past results?
c. Will it happen in the future? What is the probability somethingwill happen? Can we forecast
what will happen?
.E
d. What should we do, based on what we expect will happen? How do we optimize our
performance based on potential constraints?
.E
6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to
Chicago,United States in the last quarter?
a. What happened? What ishappening?
b. Why did it happen? What are the causes of past results?
c. Will it happen in the future? What is the probability something will happen? Can
we forecast what will happen? .E
d. What should we do, based on what we expect will happen? How do we optimize our
performance based on potential constraints?
.E
