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Practice Exam for Business Analytics quizzes with correct answers.
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Practice Exam for Business Analytics quizzes with correct answers.

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  • August 26, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • practice exam for business analytics quizzes with

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  • Business Analytics
  • Business Analytics

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Practice Exam for Business Analytics
quizzes with correct answers.

Which one of the following is used in predictive analytics? ANS - linear regression



. The Pearson product correlation coefficient will always take values ANS - between -1 and +1.



Which of the following applies to a median? ANS - it is the value in the middle when the data are
arranged in ascending order (smallest to largest value).



Which of the following is true (when performing sensitivity analysis on the break-even point model)?
ANS - a decrease in selling price per unit will increase the break-even point, all other things held
constant



it is a value that occurs most frequently in a data set ANS - MODE



it is the simplest measure of variability in data ANS - RANGE



it is a measure of location that is calculated by finding the nth root of the product of n values. ANS -
GEO-MEAN



. What method is used to solve linear programming models with Excel's Solver? ANS - Simplex



When using Excel's Goal Seek feature to find the break- even point the by Changing Cell box should
display? ANS - address of a cell with production/sales volume (setting cell to 0 by changing # of units to
what you would sell)



In a linear trend forecast predictor variable (independent variable) is ... ANS - time period T

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