MSIS 3223 Questions with Verified Correct
Answers
Descriptive Analytics
the use of data to understand past and current business performance and make informed
decisions
Descriptive analytics helps detects hidden patterns in large quantities of data to group
data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this task.
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
Product mix is determined by top managers.
True
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty.
True
, The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization.
True
Statistics has a long and rich history, yet only rather recently has it been recognized as
an important element of business, driven to a large extent by the massive growth of data
in today's world.
True
Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options.
True
A database is a collection of related files (tables) containing records on people, places or
things.
True
(This question text is only available on the projector or screen in the classroom.)
Dragging a field into the Report Filter area allows addition of a third dimension to the
analysis.
AND(condition 1, condition 2...) is a logical function that returns TRUE if all conditions
are true and FALSE if not.
True
Answers
Descriptive Analytics
the use of data to understand past and current business performance and make informed
decisions
Descriptive analytics helps detects hidden patterns in large quantities of data to group
data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this task.
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
Product mix is determined by top managers.
True
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty.
True
, The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization.
True
Statistics has a long and rich history, yet only rather recently has it been recognized as
an important element of business, driven to a large extent by the massive growth of data
in today's world.
True
Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options.
True
A database is a collection of related files (tables) containing records on people, places or
things.
True
(This question text is only available on the projector or screen in the classroom.)
Dragging a field into the Report Filter area allows addition of a third dimension to the
analysis.
AND(condition 1, condition 2...) is a logical function that returns TRUE if all conditions
are true and FALSE if not.
True
