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