TEST BANK
,Chapter 1. Introduction to Business Analytics
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1. The decision-
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making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
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a. optimization techniques b. decision analysis with uncertainty
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c. structured sensitivity analysis
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1-2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
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
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
4. Data analysis includes:
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a. data description wf b. data inference wf wf
c. the search for relationships in data
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
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. wf wf wf
c. Verify the model. wf wf
d. Present the results. wf wf
e. Implement the model and update it through time. wf wf wf wf wf wf wf
ANSWER a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description wf wf wf
c. data inference
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ANSWER a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty wf wf wf wf wf wf
b. decision analysis for problems with uncertainty
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c. sensitivity analysis wf
d. all of these choices
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
8. Which tool is an Excel add-in for performing what-if analyses?
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®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
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c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis fo
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, d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
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e. All of these statements are true.
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ANSWER e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
10. Data analysis includes data description, data inference, and the search for relationships in data.
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a. True
b. False
ANSWER True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
11. Decision-
making includes optimization techniques for problems with certainty, decision analysis for problems with
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ty, and structured sensitivity analysis.
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a. True
b. False
ANSWER False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
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fthat companies currently encounter.
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a. True
b. False
ANSWER False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analys
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is, w f decision-making, and dealing with uncertainty. wf wf wf wf
a. True
b. False
ANSWER True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
,Chapter 1. Introduction to Business Analytics
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1. The decision-
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making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
wf wf wf wf wf wf wf wf wf wf wf wf wf wf w f following?
a. optimization techniques b. decision analysis with uncertainty
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c. structured sensitivity analysis
wf d. all of these choices
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1-2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
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
wf d. data miningwf wf wf
ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
4. Data analysis includes:
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a. data description wf b. data inference wf wf
c. the search for relationships in data
wf wf d. all of these choices
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
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. wf wf wf
c. Verify the model. wf wf
d. Present the results. wf wf
e. Implement the model and update it through time. wf wf wf wf wf wf wf
ANSWER a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description wf wf wf
c. data inference
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ANSWER a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty wf wf wf wf wf wf
b. decision analysis for problems with uncertainty
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c. sensitivity analysis wf
d. all of these choices
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ANSWER d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
8. Which tool is an Excel add-in for performing what-if analyses?
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®
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
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c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis fo
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, d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
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e. All of these statements are true.
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ANSWER e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
10. Data analysis includes data description, data inference, and the search for relationships in data.
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a. True
b. False
ANSWER True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
11. Decision-
making includes optimization techniques for problems with certainty, decision analysis for problems with
wf wf wf wf wf wf wf wf wf wf wf wf w f certain
ty, and structured sensitivity analysis.
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a. True
b. False
ANSWER False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
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fthat companies currently encounter.
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a. True
b. False
ANSWER False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analys
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is, w f decision-making, and dealing with uncertainty. wf wf wf wf
a. True
b. False
ANSWER True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge w f wf wf wf
TOPICS: A-Head: 1.2 Overview of the Book wf wf wf wf wf
OTHER: BUSPROG: Analytic | DISC: Decision Making wf wf wf wf wf
