Exam (elaborations)
MSIS 3223 Exam 1 Study guide Oklahoma State WITH 100- SURE ANSWERS
- Course
- Institution
MSIS 3223 Exam 1 Study guide Oklahoma State WITH 100- SURE ANSWERS
[Show more]
Seller
Follow
Content preview
EUNICEMSIS 3223 Exam 1 Study guide Oklahoma State WITH 100%
SURE ANSWERS
Terms in this set (122)
Descriptive analytics helps detect hidden B.
patterns in large quantities of data to group
data into sets to predict behavior.
A. True
B. False
A manager at Academy wishes to know the B.
company's revenue and
profit in its previous quarter. Predictive
analytics is what the manager
should use for this task
A. True
B. False
Prescriptive analytics can help a company A.
address the best way of
shipping goods from their factories to
minimize costs
A. True
B . False
Analyzing the problem is the first phase in B.
decision making.
A. True
B. False
Product Mix is determined by top mangers. A.
A. True
B. False
A deterministic model is one in which all A.
model input information is
either known or assumed to be known with
certainty
A. True
B. False
1/8
, The demand for professionals with A.
analytics expertise has skyrocketed
A. True
B. False
Modern business analytics can be viewed A.
as an integration of Business
Intelligence, Information Systems, statistics,
and modeling and
optimization\
A. True
B. False
Statistics has a long and rich history, yet A.
only rather recently has it been
recognized as an important element of
business, driven to a large
extent by the massive growth of data in
today's world
A. True
B. False
Decision models typically have three types
of input:
Data, uncontrollable inputs, and decision
options
A. True
B. False
AND(condition 1, condition 2...) is a logical A.
function that returns TRUE if all conditions
are true and FALSE if not.
A. True
B. False
The Pareto principle is often called the "80- A.
-20 rule
A. True
B. False
The filter tool extracts records meeting the B.
specified criteria, deleting
any records that don't match the criteria
A. True
B. False
Three useful logical functions in business A.
analytics applications are IF,
AND, and OR followed by conditions in
parentheses
A. true
B. False
Form controls are buttons, boxes, and A.
other mechanisms for inputting
or changing data on spreadsheets easily
and used to design user-
friendly spreadsheets
A. True
B. False
2/8
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mbitheeunice2015. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81311 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now