TEST BANK For Business Analytics: Data Analysis & Decision Making, 7th Edition by S. Christian Albright, Wayne L. Winston, Verified Chapters 1 - 19, Complete Newest Version

TEST BANK

Business Analytics: Data Analysis & Decision Making,
7th Edition. S. Christian Albright, Wayne L. Winston
Verified Chapters 1 - 19, Complete




BusinessiAnalytics:iDataiAnalysisi&iDecisioniMaking,

,Chapter 1. Introduction to Business Analytics
i i i i i




1. Theidecision-
makingithemesicoverediiniBusinessiAnalytics:iDataiAnalysisi&iDecisioniMakingiincludeiwhichiofithei following?
a. optimizationitechniques b.idecisionianalysisiwithiuncertainty
c.istructuredisensitivityianalysis d.ialliofitheseichoices
ANSWER: d
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iKnowledge
TOPICS: A-Head:i1-2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

2. Whichistatementiisinotitrue?
a. Dealingiwithiuncertaintyiincludesimeasuringiuncertainty.
b. Dealingiwithiuncertaintyiincludesimodelingiuncertaintyiexplicitlyiintoitheianalysis.
c. Dealingiwithiuncertaintyiincludesieliminatingiuncertaintyibyiusingitheinormaliprobabilityidistribution.
d. Dealingiwithiuncertaintyirequiresiaibasiciunderstandingiofiprobability.
ANSWER: c
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iKnowledge
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

3. WhatiisinotioneiofitheiimportantithemesiofiyouriBusinessiAnalytics:iDataiAnalysisi&iDecisioniMakingitext?
a. dataianalysis b.idealingiwithiuncertainty
c.idecisionimaking d.idataimining
ANSWER: d
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iKnowledge
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

4. Dataianalysisiincludes:
a. dataidescription b.idataiinference
c.i theisearchiforirelationshipsiinidata d.ialliofitheseichoices
ANSWER: d
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iKnowledge
TOPICS: A-Head:i1.2iOverviewiofitheiBook

BusinessiAnalytics:iDataiAnalysisi&iDecisioniMaking,

,OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

5. Whichiofitheifollowingiisinotioneiofitheistepsiinitheimodelingiprocess?
a. Selectitheiscaleiforitheimodel.
b. Collectiandisummarizeidata.




BusinessiAnalytics:iDataiAnalysisi&iDecisioniMaking,

, c. Verifyitheimodel.
d. Presentitheiresults.
e. Implementitheimodeliandiupdateiitithroughitime.
ANSWER: a
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iComprehension
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

6. Whichiofitheifollowingiwouldinotibeiincludediunderidataianalysis?
a. measuringiuncertainty b.idataidescription
c.idataiinference d.isearchiforirelationships
ANSWER: a
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iComprehension
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

7. Theidecisionimakingiprocessiincludes:
a. optimizationitechniquesiforiproblemsiwithinoiuncertainty
b. decisionianalysisiforiproblemsiwithiuncertainty
c. sensitivityianalysis
d. alliofitheseichoices
ANSWER: d
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iKnowledge
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking

®
8. WhichitooliisianiExcii el add-iniforiperformingiwhat-ifianalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY:i Easyi|iBloom's:iComprehension
TOPICS: A-Head:i1.2iOverviewiofitheiBook
OTHER: BUSPROG:iAnalytici|iDISC:iDecisioniMaking


BusinessiAnalytics:iDataiAnalysisi&iDecisioniMaking,