Business Analytics: Data Analysis & Decision Making,
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TEST BANK Business Analytics: Data Analysis & Decision
bh bh bh bh bh bh bh bh
bh Making,7th Edition. S. Christian Albright, Wayne L. Winston
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Verified Chapters 1 - 19, Complete
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Business Analytics: Data Analysis & Decision Making,
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, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
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 the
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh b h following?
a. optimization techniques b. decision analysis with uncertainty
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c. structured sensitivity analysis
bh d. all of these choices
bh bh bh bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1-2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
bh bh bh bh bh
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
bh bh bh bh bh bh bh bh bh
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
bh bh bh bh bh bh bh bh bh bh bh
d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh
a. data analysis b. dealing with uncertainty
bh bh bh bh
c. decision making
bh d. data mining
bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
4. Data analysis includes:
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a. data description bh b. data inference bh bh
c. the search for relationships in data
bh bh d. all of these choices
bh bh bh bh bh bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
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.
bh bh bh bh bh
b. Collect and summarize data. bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
c. Verify the model. bh bh
d. Present the results. bh bh
e. Implement the model and update it through time. bh bh bh bh bh bh bh
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
6. Which of the following would not be included under data analysis?
bh bh bh bh bh bh bh bh bh bh
a. measuring uncertainty b. data description bh bh bh
c. data inference
bh d. search for relationships
bh bh bh bh
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty bh bh bh bh bh bh
b. decision analysis for problems with uncertainty bh bh bh bh bh
c. sensitivity analysis bh
d. all of these choices bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
8. Which tool is an Exc el add-in for performing what-if analyses?
bh bh bh bh
bh bh bh bh
®
b h
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
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.
bh bh bh bh bh bh bh bh bh bh bh bh
b. Data analysis includes data description, data inference, and the searching for relationships in data
bh bh bh bh bh bh bh bh bh bh bh bh bh
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
bh bh bh bh bh bh bh bh bh bh bh bh
b h problems with uncertainty, and structured sensitivity analysis.
bh bh bh bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
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 bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
10. Data analysis includes data description, data inference, and the search for relationships in data.
bh bh bh bh bh bh bh bh bh bh bh bh bh
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
bh bh bh bh bh bh bh bh bh bh bh bh b h certainty,
bh and structured sensitivity analysis.
bh bh bh
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh b h that
companies currently encounter.
bh bh bh
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh
b h decision- making, and dealing with uncertainty.
bh bh bh bh bh
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
bh bh bh bh bh bh
TEST BANK Business Analytics: Data Analysis & Decision
bh bh bh bh bh bh bh bh
bh Making,7th Edition. S. Christian Albright, Wayne L. Winston
bh bh bh bh bh bh bh
Verified Chapters 1 - 19, Complete
bh bh bh bh bh
Business Analytics: Data Analysis & Decision Making,
bh bh bh bh bh bh
, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
Chapter 1. Introduction to Business Analytics
bh bh bh bh bh
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh b h following?
a. optimization techniques b. decision analysis with uncertainty
bh bh bh bh bh
c. structured sensitivity analysis
bh d. all of these choices
bh bh bh bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1-2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
2. Which statement is not true?
bh bh bh bh
a. Dealing with uncertainty includes measuring uncertainty.
bh bh bh bh bh
b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
bh bh bh bh bh bh bh bh bh
c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
bh bh bh bh bh bh bh bh bh bh bh
d. Dealing with uncertainty requires a basic understanding of probability.
bh bh bh bh bh bh bh bh
ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh
a. data analysis b. dealing with uncertainty
bh bh bh bh
c. decision making
bh d. data mining
bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
4. Data analysis includes:
bh bh
a. data description bh b. data inference bh bh
c. the search for relationships in data
bh bh d. all of these choices
bh bh bh bh bh bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
5. Which of the following is not one of the steps in the modeling process?
bh bh bh bh bh bh bh bh bh bh bh bh bh
a. Select the scale for the model.
bh bh bh bh bh
b. Collect and summarize data. bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
c. Verify the model. bh bh
d. Present the results. bh bh
e. Implement the model and update it through time. bh bh bh bh bh bh bh
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
6. Which of the following would not be included under data analysis?
bh bh bh bh bh bh bh bh bh bh
a. measuring uncertainty b. data description bh bh bh
c. data inference
bh d. search for relationships
bh bh bh bh
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
7. The decision making process includes:
bh bh bh bh
a. optimization techniques for problems with no uncertainty bh bh bh bh bh bh
b. decision analysis for problems with uncertainty bh bh bh bh bh
c. sensitivity analysis bh
d. all of these choices bh bh bh
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
8. Which tool is an Exc el add-in for performing what-if analyses?
bh bh bh bh
bh bh bh bh
®
b h
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
9. Which of the following statements are true?
bh bh bh bh bh bh
a. Three important themes run through the book: data analysis, decision making, and uncertainty.
bh bh bh bh bh bh bh bh bh bh bh bh
b. Data analysis includes data description, data inference, and the searching for relationships in data
bh bh bh bh bh bh bh bh bh bh bh bh bh
c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
bh bh bh bh bh bh bh bh bh bh bh bh
b h problems with uncertainty, and structured sensitivity analysis.
bh bh bh bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
, Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
d. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis.
bh bh bh bh bh bh bh bh bh bh bh bh
e. All of these statements are true.
bh bh bh bh bh
ANSWER: e
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
10. Data analysis includes data description, data inference, and the search for relationships in data.
bh bh bh bh bh bh bh bh bh bh bh bh bh
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
11. Decision-making includes optimization techniques for problems with certainty, decision analysis for problems with
bh bh bh bh bh bh bh bh bh bh bh bh b h certainty,
bh and structured sensitivity analysis.
bh bh bh
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
12.
A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh b h that
companies currently encounter.
bh bh bh
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
13. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data analysis,
bh bh bh bh bh bh bh bh bh bh bh bh bh bh bh
b h decision- making, and dealing with uncertainty.
bh bh bh bh bh
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge bh bh bh bh
TOPICS: A-Head: 1.2 Overview of the Book bh bh bh bh bh
OTHER: BUSPROG: Analytic | DISC: Decision Making bh bh bh bh bh
Business Analytics: Data Analysis & Decision Making, bh bh bh bh bh bh
