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

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




BusinessQAnalytics:QDataQAnalysisQ&QDecisionQMaking,

,ChapterQ1.QIntroductionQtoQBusinessQAnalytics

1. TheQdecision-
makingQthemesQcoveredQinQBusinessQAnalytics:QDataQAnalysisQ&QDecisionQMakingQincludeQwhichQofQtheQ
following?
a. optimizationQtechniques b.QdecisionQanalysisQwithQuncertainty
c.QstructuredQsensitivityQanalysis d.QallQofQtheseQchoices
ANSWER: d
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1-2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

2. WhichQstatementQisQnotQtrue?
a. DealingQwithQuncertaintyQincludesQmeasuringQuncertainty.
b. DealingQwithQuncertaintyQincludesQmodelingQuncertaintyQexplicitlyQintoQtheQanalysis.
c. DealingQwithQuncertaintyQincludesQeliminatingQuncertaintyQbyQusingQtheQnormalQprobabilityQdistribution.
d. DealingQwithQuncertaintyQrequiresQaQbasicQunderstandingQofQprobability.
ANSWER: c
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

3. WhatQisQnotQoneQofQtheQimportantQthemesQofQyourQBusinessQAnalytics:QDataQAnalysisQ&QDecisionQMakingQt
ext?
a. dataQanalysis b.QdealingQwithQuncertainty
c.QdecisionQmaking d.QdataQmining
ANSWER: d
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

4. DataQanalysisQincludes:
a. dataQdescription b.QdataQinference
c.QtheQsearchQforQrelationshipsQinQdata d.QallQofQtheseQchoices
ANSWER: d
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
BusinessQAnalytics:QDataQAnalysisQ&QDecisionQMaking,

,TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

5. WhichQofQtheQfollowingQisQnotQoneQofQtheQstepsQinQtheQmodelingQprocess?
a. SelectQtheQscaleQforQtheQmodel.
b. CollectQandQsummarizeQdata.
c. VerifyQtheQmodel.
d. PresentQtheQresults.
e. ImplementQtheQmodelQandQupdateQitQthroughQtime.
ANSWER: a
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QComprehension
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

6. WhichQofQtheQfollowingQwouldQnotQbeQincludedQunderQdataQanalysis?
a. measuringQuncertainty b.QdataQdescription
c.QdataQinference d.QsearchQforQrelationships
ANSWER: a
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QComprehension
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

7. TheQdecisionQmakingQprocessQincludes:
a. optimizationQtechniquesQforQproblemsQwithQnoQuncertainty
b. decisionQanalysisQforQproblemsQwithQuncertainty
c. sensitivityQanalysis
d. allQofQtheseQchoices
ANSWER: d
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking




BusinessQAnalytics:QDataQAnalysisQ&QDecisionQMaking,

, ®
8. WhichQtoolQisQanQExcQQ
el
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
add-inQforQperformingQwhat-ifQanalyses?
DIFFICULTY:Q EasyQ|QBloom's:QComprehension
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

9. WhichQofQtheQfollowingQstatementsQareQtrue?
a. ThreeQimportantQthemesQrunQthroughQtheQbook:QdataQanalysis,QdecisionQmaking,QandQuncertainty.
b. DataQanalysisQincludesQdataQdescription,QdataQinference,QandQtheQsearchingQforQrelationshipsQinQdata
c. DecisionQmakingQincludesQoptimizationQtechniquesQforQproblemsQwithQnoQuncertainty,QdecisionQ
analysisQforQ problemsQwithQuncertainty,QandQstructuredQsensitivityQanalysis.
d. DealingQwithQuncertaintyQincludesQmeasuringQuncertaintyQandQmodelingQuncertaintyQexplicitlyQintoQtheQanal
ysis.
e. AllQofQtheseQstatementsQareQtrue.
ANSWER: e
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

10. DataQanalysisQincludesQdataQdescription,QdataQinference,QandQtheQsearchQforQrelationshipsQinQdata.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY:Q EasyQ|QBloom's:QKnowledge
TOPICS: A-Head:Q1.2QOverviewQofQtheQBook
OTHER: BUSPROG:QAnalyticQ|QDISC:QDecisionQMaking

11. Decision-
makingQincludesQoptimizationQtechniquesQforQproblemsQwithQcertainty,QdecisionQanalysisQforQproblemsQwith
Q certainty,QandQstructuredQsensitivityQanalysis.
a. True
b. False

BusinessQAnalytics:QDataQAnalysisQ&QDecisionQMaking,