Solution Manual for Introduction to Business Analytics,
t t t t t t
1st Edition by Richardson and Watson
t t t t t
Verified Chapter's 1 - 12 | Complete
t t t t t t
,TABLE OF CONTENTS
t t t
Chaptert1:tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestionstt
Chaptert2:tObtaintthetData:tAntIntroductionttotBusinesstDatatSourcestt
Chaptert3:tAnalyzetthetData:tBasictStatisticstandtToolstRequiredtintBusinesstAnalyticstt
Chaptert4:tAnalyzetthetData:tExploratorytBusinesstAnalyticst(DescriptivetAnalyticstandtDiagnostictAnalytics)tt
Chaptert5:tAnalyzetthetData:tConfirmatorytBusinesstAnalyticst(PredictivetAnalyticstandtPrescriptivetAnalytics)tt
Chaptert6:tReporttthetResults:tUsingtDatatVisualizationtt
Chaptert7:tMarketingtAnalyticstt
Chaptert8:tAccountingtAnalyticstt
Chaptert9:tFinancialtAnalyticstt
Chaptert10:tOperationstAnalyticstt
Chaptert11:tAdvancedtBusinesstAnalyticstt
Chaptert12:tUsingtthetSOARtAnalyticstModelttotPuttIttAlltTogether:tThreetCapstonetProjectstt
, Chapter 1 End-of-Chapter Assignment Solutions
t t t t
MultipletChoicetQuestions
1. (LOt1.1)tAtcoordinated,tstandardizedtsettoftactivitiestconductedtbytbothtpeopletandtequipmentttotaccomplishtatspecific
tbusinessttasktistcalled .
a. businesstprocesses
b. businesstanalysis
c. businesstprocedure
d. businesstvalue
2. (LOt1.2)tAccordingttotthetinformationtvaluetchain,tdatatcombinedtwithtcontexttis
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltaddressestthetpropertwayttotcommunicatetresultsttotthetdecisiont
maker?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
4. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltinvolvestfindingtthetmosttappropriatetdatatneededttotaddresstthetbus
inesstquestion?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
5. (LOt1.5)tWhichtquestionstseektinformationtabouttTesla’stsalestintthetnexttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillth
appen?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
6. (LOt1.5)tWhichtquestionstseektinformationtontthetroutingtoftproductstfromtQueretaro,tMexicottotChicago,tUnitedtSt
atestintthetlasttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
, Chaptert01t–tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestions
7. (LOt1.5)tWhichtquestionstasktwhytnettincometistincreasingtwhentrevenuestaretdecreasing,tcounterttotexpectat
ions?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
8. (LOt1.5)tWhichtquestionsthelptmanagerstunderstandthowttotorganizetfuturetshipmentstbasedtontexpectedtdeman
d?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbase
dtontpotentialtconstraints?
9. (LOt1.5)tWhichttermtrefersttotthetcombinedtaccuracy,tvalidity,tandtconsistencytoftdatatstoredtandtusedtoverttime?
a. Datatintegrity
b. Datatoverload
c. Datatvalue
d. Informationtvalue
10. (LOt1.3)tAtspecialisttwhotknowsthowttotworktwith,tmanipulate,tandtstatisticallyttesttdatatista
a. decisiontmaker.
b. datatscientist.
c. datatanalyst.
d. decisiontscientist.
11. (LOt1.4)tWhichttypetoftanalyststpredictstthetamounttoftmoneytthattatcompanytwilltreceivetfromtitstcustomersttothelptmana
gementtevaluatetfuturetinvestmentstbasedtontexpectedtinvestmenttperformance,tsuchtastinvestmentstintequipmenttortem
ployeettraining?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
12. (LOt1.4)tWhichttypetoftanalysttaddressestquestionstregardingttaxtandtauditing?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
13. (LOt1.5)tSupposetatcompanythasttimelytproducttreviewstthattaretavailabletwhentneeded,tbuttthetreviewstaretbiased
.tThesetproducttreviewstaretwhichttypetoftdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©tMcGrawtHilltLLC.tAlltrightstreserved.tNotreproductiontortdistributiontwithouttthetpriortwrittentconsenttoftMcGrawtHilltLLC.
4
t t t t t t
1st Edition by Richardson and Watson
t t t t t
Verified Chapter's 1 - 12 | Complete
t t t t t t
,TABLE OF CONTENTS
t t t
Chaptert1:tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestionstt
Chaptert2:tObtaintthetData:tAntIntroductionttotBusinesstDatatSourcestt
Chaptert3:tAnalyzetthetData:tBasictStatisticstandtToolstRequiredtintBusinesstAnalyticstt
Chaptert4:tAnalyzetthetData:tExploratorytBusinesstAnalyticst(DescriptivetAnalyticstandtDiagnostictAnalytics)tt
Chaptert5:tAnalyzetthetData:tConfirmatorytBusinesstAnalyticst(PredictivetAnalyticstandtPrescriptivetAnalytics)tt
Chaptert6:tReporttthetResults:tUsingtDatatVisualizationtt
Chaptert7:tMarketingtAnalyticstt
Chaptert8:tAccountingtAnalyticstt
Chaptert9:tFinancialtAnalyticstt
Chaptert10:tOperationstAnalyticstt
Chaptert11:tAdvancedtBusinesstAnalyticstt
Chaptert12:tUsingtthetSOARtAnalyticstModelttotPuttIttAlltTogether:tThreetCapstonetProjectstt
, Chapter 1 End-of-Chapter Assignment Solutions
t t t t
MultipletChoicetQuestions
1. (LOt1.1)tAtcoordinated,tstandardizedtsettoftactivitiestconductedtbytbothtpeopletandtequipmentttotaccomplishtatspecific
tbusinessttasktistcalled .
a. businesstprocesses
b. businesstanalysis
c. businesstprocedure
d. businesstvalue
2. (LOt1.2)tAccordingttotthetinformationtvaluetchain,tdatatcombinedtwithtcontexttis
a. Information.
b. Knowledge.
c. Insight.
d. Value.
3. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltaddressestthetpropertwayttotcommunicatetresultsttotthetdecisiont
maker?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
4. (LOt1.5)tWhichtphasetoftthetSOARtanalyticstmodeltinvolvestfindingtthetmosttappropriatetdatatneededttotaddresstthetbus
inesstquestion?
a. Specifytthetquestion
b. Obtaintthetdata
c. Analyzetthetdata
d. Reporttthetresults
5. (LOt1.5)tWhichtquestionstseektinformationtabouttTesla’stsalestintthetnexttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillth
appen?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
6. (LOt1.5)tWhichtquestionstseektinformationtontthetroutingtoftproductstfromtQueretaro,tMexicottotChicago,tUnitedtSt
atestintthetlasttquarter?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
, Chaptert01t–tSpecifytthetQuestion:tUsingtBusinesstAnalyticsttotAddresstBusinesstQuestions
7. (LOt1.5)tWhichtquestionstasktwhytnettincometistincreasingtwhentrevenuestaretdecreasing,tcounterttotexpectat
ions?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbasedtontpote
ntialtconstraints?
8. (LOt1.5)tWhichtquestionsthelptmanagerstunderstandthowttotorganizetfuturetshipmentstbasedtontexpectedtdeman
d?
a. Whatthappened?tWhattisthappening?
b. Whytdidtitthappen?tWhattaretthetcausestoftpasttresults?
c. Willtitthappentintthetfuture?tWhattistthetprobabilitytsomethingtwillthappen?tCantwetforecasttwhattwillthappen
?
d. Whattshouldtwetdo,tbasedtontwhattwetexpecttwillthappen?tHowtdotwetoptimizetourtperformancetbase
dtontpotentialtconstraints?
9. (LOt1.5)tWhichttermtrefersttotthetcombinedtaccuracy,tvalidity,tandtconsistencytoftdatatstoredtandtusedtoverttime?
a. Datatintegrity
b. Datatoverload
c. Datatvalue
d. Informationtvalue
10. (LOt1.3)tAtspecialisttwhotknowsthowttotworktwith,tmanipulate,tandtstatisticallyttesttdatatista
a. decisiontmaker.
b. datatscientist.
c. datatanalyst.
d. decisiontscientist.
11. (LOt1.4)tWhichttypetoftanalyststpredictstthetamounttoftmoneytthattatcompanytwilltreceivetfromtitstcustomersttothelptmana
gementtevaluatetfuturetinvestmentstbasedtontexpectedtinvestmenttperformance,tsuchtastinvestmentstintequipmenttortem
ployeettraining?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
12. (LOt1.4)tWhichttypetoftanalysttaddressestquestionstregardingttaxtandtauditing?
a. Marketingtanalyst
b. Operationstanalyst
c. Financialtanalyst
d. Accountingtanalyst
13. (LOt1.5)tSupposetatcompanythasttimelytproducttreviewstthattaretavailabletwhentneeded,tbuttthetreviewstaretbiased
.tThesetproducttreviewstaretwhichttypetoftdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©tMcGrawtHilltLLC.tAlltrightstreserved.tNotreproductiontortdistributiontwithouttthetpriortwrittentconsenttoftMcGrawtHilltLLC.
4
