Introduction to Business Analytics (1st Edition – Richardson & Watson) – Complete Solution Manual for All Chapters

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Solution Manual for Introduction to Business Analytics,
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1st Edition
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By Vernon Richardson and Marcia Watson
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Verified Chapter's 1 - 12 | Complete
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, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
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TABLE OF CONTENTS po po po




Chapterpo1:poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestionspopo

Chapterpo2:poObtainpothepoData:poAnpoIntroductionpotopoBusinesspoDatapoSourcespopo

Chapterpo3:poAnalyzepothepoData:poBasicpoStatisticspoandpoToolspoRequiredpoinpoBusinesspoAnalyticspopo

Chapterpo4:poAnalyzepothepoData:poExploratorypoBusinesspoAnalyticspo(DescriptivepoAnalyticspoandpoDiagnosticp
oAnalytics)popo
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Chapterpo5:poAnalyzepothepoData:poConfirmatorypoBusinesspoAnalyticspo(PredictivepoAnalyticspoandpoPrescriptiv
epoAnalytics)popo
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Chapterpo6:poReportpothepoResults:poUsingpoDatapoVisualizationpopo

Chapterpo7:poMarketingpoAnalyticspopo
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Chapterpo8:poAccountingpoAnalyticspopo

Chapterpo9:poFinancialpoAnalyticspopo
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Chapterpo10:poOperationspoAnalyticspopo m
Chapterpo11:poAdvancedpoBusinesspoAnalyticspopo

Chapterpo12:poUsingpothepoSOARpoAnalyticspoModelpotopoPutpoItpoAllpoTogether:poThreepoCapstonepoProjectspopo

, Chapterpo01po–
poSpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
ns
Chapterpo1poEnd-of-ChapterpoAssignmentpoSolutions
MultiplepoChoicepoQuestions
1. (LOpo1.1)poApocoordinated,postandardizedposetpoofpoactivitiespoconductedpobypobothpopeoplepoandpoequipme
ntpotopoaccomplishpoapospecificpobusinesspotaskpoispocalled.
a. businesspoprocesses
b. businesspoanalysis
c. businesspoprocedure
d. businesspovalue

2. (LOpo1.2)poAccordingpotopothepoinformationpovaluepochain,podatapocombinedpowithpocontextpois
a. Information.
b. Knowledge.
c. Insight.
d. Value.
i a
3. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoaddressespothepoproperpowaypotopocommun
h
icateporesultspotopothepodecisionpomaker?
a. Specifypothepoquestion
b. Obtainpothepodata
t
c. Analyzepothepodata
d. Reportpotheporesults
u
4. (LOpo1.5)poWhichpophasepoofpothepoSOARpoanalyticspomodelpoinvolvespofindingpothepomostpoappropriatepodata
poneededpotopoaddresspothepobusinesspoquestion?
a. Specifypothepoquestion
b
b. Obtainpothepodata
c. Analyzepothepodata
d. Reportpotheporesults
m
5. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoaboutpoTesla’sposalespoinpotheponextpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanp
owepoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?




6. (LOpo1.5)poWhichpoquestionsposeekpoinformationpoonpotheporoutingpoofpoproductspofrompoQueretaro,poM
exicopotopoChicago,poUnitedpoStatespoinpothepolastpoquarter?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?

, Chapterpo01po–
SpecifypothepoQuestion:poUsingpoBusinesspoAnalyticspotopoAddresspoBusinesspoQuestio
7. po
(LO po1.5)poWhichpoquestionspoaskpowhyponetpoincomepoispoincreasingpowhenporevenuespoarepodecr
ns
easing,pocounterpotopoexpectations?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimizepoour
poperformancepobasedpoonpopotentialpoconstraints?

8. (LOpo1.5)poWhichpoquestionspohelppomanagerspounderstandpohowpotopoorganizepofutureposhipmentspoba
sedpoonpoexpectedpodemand?
a. Whatpohappened?poWhatpoispohappening?
b. Whypodidpoitpohappen?poWhatpoarepothepocausespoofpopastporesults?
c. Willpoitpohappenpoinpothepofuture?poWhatpoispothepoprobabilityposomethingpowillpohappen?poCanpow
epoforecastpowhatpowillpohappen?
d. Whatposhouldpowepodo,pobasedpoonpowhatpowepoexpectpowillpohappen?poHowpodopowepooptimiz


9.
a
epoourpoperformancepobasedpoonpopotentialpoconstraints?

(LOpo1.5)poWhichpotermporeferspotopothepocombinedpoaccuracy,povalidity,poandpoconsistencypoofpodataposto
i
redpoandpousedpooverpotime?
a. Datapointegrity
b. Datapooverload
h
c. Datapovalue
t
d. Informationpovalue
u
10. (LOpo1.3)poApospecialistpowhopoknowspohowpotopoworkpowith,pomanipulate,poandpostatisticallypotestpodatapoispoa
a. decisionpomaker.
b. dataposcientist.
b
c. datapoanalyst.
d. decisionposcientist.
m
11. (LOpo1.4)poWhichpotypepoofpoanalystspopredictspothepoamountpoofpomoneypothatpoapocompanypowillporeceivepof
rompoitspocustomerspotopohelppomanagementpoevaluatepofuturepoinvestmentspobasedpoonpoexpectedpoinvestme
ntpoperformance,posuchpoaspoinvestmentspoinpoequipmentpoorpoemployeepotraining?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst

12. (LOpo1.4)poWhichpotypepoofpoanalystpoaddressespoquestionsporegardingpotaxpoandpoauditing?
a. Marketingpoanalyst
b. Operationspoanalyst
c. Financialpoanalyst
d. Accountingpoanalyst

13. (LOpo1.5)poSupposepoapocompanypohaspotimelypoproductporeviewspothatpoarepoavailablepowhenponeeded,po
butpotheporeviewspoarepobiased.poThesepoproductporeviewspoarepowhichpotypepoofpodata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©poMcGrawpoHillpoLLC.poAllporightsporeserved.poNoporeproductionpoorpodistributionpowithoutpothepopriorpowrittenpoconsentpoofpoMc
GrawpoHillpoLLC.


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