Test Bank for Business Analytics 3rd Edition by James Evans isbn-9780135231678 Complete Latest and Verified Guide Graded A+

Complete Test Bank Business Analytics 3rd
w w w w w w




wEdition Evans Questions & Answers with
w w w w w w




rationales
w

, Business Analytics 3rd Edition Evans Test Bank
w w w w w w




Test Bank - Table of Contents
w w w w w




Chapter 1: Introduction to Business Analytics
w w w w 1
Chapter 1: Appendix A1 Basic Excel Skills
w w w w w 16
Chapter 2: Database Analytics
w w 24
Chapter 3: Data Visualization
w w 37
Chapter 4: Descriptive Statistics
w w 50
Chapter 5: Probability Distributions and Data Modeling
w w w w w 92
Chapter 6: Sampling and Estimation
w w w 108
Chapter 7: Statistical Inference
w w 127
Chapter 8: Trendlines and Regression Analysis
w w w w 145
Chapter 9: Forecasting Techniques
w w 163
Chapter 10: Introduction to Data Mining
w w w w 184
Chapter 11: Spreadsheet Modeling and Analysis
w w w w 198
Chapter 12: Simulation and Risk Analysis
w w w w 223
Chapter 13: Linear Optimization
w w 237
Chapter 14: Integer and Nonlinear Optimization Models
w w w w w 260
Chapter 15: Optimization Analytics
w w 295
Chapter 16: Decision Analysis
w w 313

,Chapter 1: w w w Introduction to Business Analytics w w w




1) Descriptive analytics: w


A) can predict risk and find relationships in data not readily apparent with traditional
w w w w w w w w w w w w


analyses.
w


B) helps companies classify their customers into segments to develop specific
w w w w w w w w w


wmarketing campaigns. w


C) helps detect hidden patterns in large quantities of data to group data into
w w w w w w w w w w w w


wsets to predict behavior.
w w w


D) can use mathematical techniques with optimization to make decisions that take into
w w w w w w w w w w w


waccount the uncertainty in the data.
w w w w w


Answer: B w


wDiff: 1 w


Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics
w w w w w w


LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
w w w w w w w w




2) A manager at Gampco Inc. wishes to know the company's revenue and profit
w w w w w w w w w w w w


win its previous quarter. Which of the following business analytics will help
w w w w w w w w w w w


wthe manager?
w


A) prescriptive analytics w


B) normative analytics w


C) descriptive analytics w


D) predictive
wanalytics Answer: w


w C
Diff: 1 w


Blooms: Apply
wAACSB:
wAnalytic Skills w


Topic: Descriptive, Predictive, and Prescriptive Analytics
w w w w w w


LO1: Explain the difference between descriptive, predictive, and prescriptive analytics.
w w w w w w w w w w




3) Predictive analytics: w


A) summarizes data into meaningful charts and reports that can be standardized or
w w w w w w w w w w w


customized.
w


B) identifies the best alternatives to minimize or maximize an objective.
w w w w w w w w w


C) uses data to determine a course of action to be executed in a given situation.
w w w w w w w w w w w w w w


D) detects patterns in historical data and extrapolates them forward in
w w w w w w w w w


wtime. Answer: D w w


Diff: 2 w


Blooms: Remember
Topic: Descriptive, Predictive, and Prescriptive Analytics
w w w w w w


LO1: Illustrate examples of descriptive, predictive, and prescriptive analytics.
w w w w w w w w

, 1