Business Analytics Exam – Data-Driven Decision
Making (Evans 3e)"
"Evaluating Business Analytics Knowledge – Exam
Based on Evans (3rd Edition
Updated 2025 exam GRADED A +
Which of the following statements is correct about descriptive analytics?
Answer: Descriptive analytics helps companies classify their customers into segments to
develop specific marketing campaigns.
A
Descriptive analytics helps detect hidden patterns in large quantities of data to group data into
sets to predict behavior.
B.
Descriptive analytics can use mathematical techniques with optimization to make decisions
that take into account the uncertainty in the data.
C.
Descriptive analytics can predict risk and find relationships in data not readily apparent with
traditional analyses.
D.
Descriptive analytics helps companies classify their customers into segments to develop
specific marketing campaigns.
Peige, a stock broker, has data consisting of price, price/earnings ratio, and market
capitalization for seven different stocks on one particular day. She wishes to plot these three
variables in two dimensions. Which of the following charts must Peige use?
Answer: Bubble Chart
Stock chart
Bubble chart
,Line chart
Surface chart
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part
of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days
between November and December. The store then sells the remaining units in a clearance sale
at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail
price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The
demand functions A and B are given as 79.5 and 1.1 respectively. What is the average daily sale
during the full retail sales period?
Answer: 8
A. 24.55
B. 15
C. 33.33
D. 8
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part
of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days
between November and December. The store then sells the remaining units in a clearance sale
at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail
price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The
demand functions A and B are given as 79.5 and 1.1 respectively. Calculate the total revenue
for the new line of sweaters, rounded to the nearest cent.
Answer: $59,426.25
A.
$59,426.25
B.
$48,871.88
C.
$43,231.09
D.
$23,400.00
, 15 students were asked to choose between the broad categories of Arts, Science, and Math as
their preferred area of study. Identify the correct statement from the following.
Answer: The events that a respondent is female and chooses Math are not independent.
A.
All events are independent of each other.
B.
The events that a respondent is male and chooses Science are not dependent.
C.
The events that a respondent is female and chooses Math are not independent.
Your answer is correct.
D.
The events that a respondent is female and that she chooses Science are independent.
Which of the following is an example of a measure of dispersion?
Answer: Variance
variance
midrange
mode
median
On an average, the number of students that choose to study Arts subjects at Greyin Tide
University is 17 each year. What is the probability that exactly 13 students will take up Arts in
the coming year? Round to five decimal places. (Hint: Use the Poisson distribution formula.)
Answer: 0.06585
A.
0.20087
B.
0.08795
C.
0.04798
Making (Evans 3e)"
"Evaluating Business Analytics Knowledge – Exam
Based on Evans (3rd Edition
Updated 2025 exam GRADED A +
Which of the following statements is correct about descriptive analytics?
Answer: Descriptive analytics helps companies classify their customers into segments to
develop specific marketing campaigns.
A
Descriptive analytics helps detect hidden patterns in large quantities of data to group data into
sets to predict behavior.
B.
Descriptive analytics can use mathematical techniques with optimization to make decisions
that take into account the uncertainty in the data.
C.
Descriptive analytics can predict risk and find relationships in data not readily apparent with
traditional analyses.
D.
Descriptive analytics helps companies classify their customers into segments to develop
specific marketing campaigns.
Peige, a stock broker, has data consisting of price, price/earnings ratio, and market
capitalization for seven different stocks on one particular day. She wishes to plot these three
variables in two dimensions. Which of the following charts must Peige use?
Answer: Bubble Chart
Stock chart
Bubble chart
,Line chart
Surface chart
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part
of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days
between November and December. The store then sells the remaining units in a clearance sale
at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail
price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The
demand functions A and B are given as 79.5 and 1.1 respectively. What is the average daily sale
during the full retail sales period?
Answer: 8
A. 24.55
B. 15
C. 33.33
D. 8
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part
of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days
between November and December. The store then sells the remaining units in a clearance sale
at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail
price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The
demand functions A and B are given as 79.5 and 1.1 respectively. Calculate the total revenue
for the new line of sweaters, rounded to the nearest cent.
Answer: $59,426.25
A.
$59,426.25
B.
$48,871.88
C.
$43,231.09
D.
$23,400.00
, 15 students were asked to choose between the broad categories of Arts, Science, and Math as
their preferred area of study. Identify the correct statement from the following.
Answer: The events that a respondent is female and chooses Math are not independent.
A.
All events are independent of each other.
B.
The events that a respondent is male and chooses Science are not dependent.
C.
The events that a respondent is female and chooses Math are not independent.
Your answer is correct.
D.
The events that a respondent is female and that she chooses Science are independent.
Which of the following is an example of a measure of dispersion?
Answer: Variance
variance
midrange
mode
median
On an average, the number of students that choose to study Arts subjects at Greyin Tide
University is 17 each year. What is the probability that exactly 13 students will take up Arts in
the coming year? Round to five decimal places. (Hint: Use the Poisson distribution formula.)
Answer: 0.06585
A.
0.20087
B.
0.08795
C.
0.04798
