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TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19, Newest edition A+.$22.49
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Business Analytics Data Analysis & Decision Making
Business Analytics Data Analysis & Decision Making
Exam (elaborations)
TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19, Newest edition A+.
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Business Analytics Data Analysis & Decision Making
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Business Analytics Data Analysis & Decision Making
TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19, Newest edition A+.TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19, Newest e...
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1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of
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a. optimization techniques ju b. decision analysis with uncertainty ju ju ju
c. structured sensitivity analysis ju ju d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ju ju ju
TOPICS: A-Head: 1-2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
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b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
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a. data analysis b. dealing with uncertainty
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c. decision making d. data mining ju ju
ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
4. Data analysis includes:
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a. data description ju b. data inference ju
c. the search for relationships in data
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model. ju ju ju ju ju
b. Collect and summarize data. ju ju ju
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, c. Verify the model. ju ju
d. Present the results. ju ju
e. Implement the model and update it through time. ju ju ju ju ju ju ju
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
6. Which of the following would not be included under data analysis?
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a. measuring uncertainty b. data description ju ju
c. data inference ju d. search for relationships ju ju
ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
7. The decision making process includes:
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a. optimization techniques for problems with no uncertainty ju ju ju ju ju ju
b. decision analysis for problems with uncertainty
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c. sensitivity analysis ju
d. all of these choices
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ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
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8. Which tool is an Excel add-in for performing what-if analyses?
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a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ju ju ju
TOPICS: A-Head: 1.2 Overview of the Book ju ju ju ju ju
OTHER: BUSPROG: Analytic | DISC: Decision Making ju ju ju ju ju
9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
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c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
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ju problems with uncertainty, and structured sensitivity analysis.
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