100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, 2024) Verified || All Chapters 1 - 19 || Newest Version, Complete Solution || Guide A+. $17.99   Add to cart

Exam (elaborations)

TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, 2024) Verified || All Chapters 1 - 19 || Newest Version, Complete Solution || Guide A+.

 6 views  0 purchase
  • Course
  • Business Analytics Data Analysis & Decision Making
  • Institution
  • Business Analytics Data Analysis & Decision Making

TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, 2024) Verified || All Chapters 1 - 19 || Newest Version, Complete Solution || Guide A+.TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright,...

[Show more]

Preview 4 out of 456  pages

  • October 23, 2024
  • 456
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business Analytics Data Analysis & Decision Making
  • Business Analytics Data Analysis & Decision Making
avatar-seller
DREAMS
Page 1
ijdnju

,Page 2
ijdnju

, Business Analytics Data Analysis and Decision M 8th complete
ij ijj ij ij ij ij ij ij ij iju ij ij ij ij ij ij ij ij ij ij ij ij




exam questions and answers Chapter 1-19
ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij




1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju


ijdnju which of the following?
ijdnju ijdnju ijdnju



a. optimization techniques ijd nju b. decision analysis with ijdnju ijdnju


uncertainty
ijdnju



c. structured sensitivity analysis ijdnju ijdnju d. all of these choices ijdnju ijdnju ijdnju




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ijdnju ijdnju ijdnju




TOPICS: A-Head: 1-2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision Making ijdnju ijdnju ijdnju ijdnju ijdnju




2. Which statement ijdnju is not true?
ijdnju ijdnju ijdnju



a. Dealing with ijdnju uncertainty includes measuring uncertainty.
ijdnju ijdnju ijdnju ijdnju




b. Dealing with ijdnju uncertainty includes modeling uncertainty explicitly into the analysis.
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju




c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju


distribution.
ijdnju



d. Dealing with uncertainty requires a basic understanding of probability.
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju




ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision Making ijdnju ijdnju ijdnju ijdnju ijdnju




3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju



a. data analysis b. dealing with uncertainty
ijdnju ijdnju ijdnju




c. decision making d. data mining ijdnju ijdnju




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision ijdnju ijdnju ijdnju ijdnju


Making ijdnju




4. Data analysis includes:
ijdnju ijdnju



a. data description b. data inference
ijdnju ijdnju




c. the search for relationships in data d. all of these
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju


choices
ijdnju



ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: ijdnju ijdnju



Knowledge ijdnju



TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision ijdnju ijdnju ijdnju ijdnju


Making ijdnju




Page 3 ijdnju

, 5. Which of the following is not one of the steps in the modeling process?
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju



a. Select the scale for the ijdnju ijdnju ijdnju ijdnju


ijdnju model.
b. Collect and summarize data. ijdnju ijdnju ijdnju



c. Verify the model. ijdnju ijdnju




d. Present the results. ijdnju ijdnju




e. Implement the model and update it through time. ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision ijdnju ijdnju ijdnju ijdnju


Making ijdnju




6. Which of the following would not be included under data analysis?
ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju



a. measuring uncertainty b. data description ijdnju ijdnju




c. data inference d. search for relationships
ijdnju ijdnju ijdnju




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision ijdnju ijdnju ijdnju ijdnju


Making ijdnju




7. The decision making process includes:
ijdnju ijdnju ijdnju ijdnju



a. optimization techniques for problems with no ijdnju ijdnju ijdnju ijdnju ijdnju


uncertainty
ijdnju



b. decision analysis for problems with uncertainty
ijdnju ijdnju ijdnju ijdnju ijdnju




c. sensitivity analysis ijdnju




d. all of these choices
ijdnju ijdnju ijdnju




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju



OTHER: BUSPROG: Analytic | DISC: Decision ijdnju ijdnju ijdnju ijdnju


Making ijdnju




®
8. Which tool is an Excel add-in for performing what-if analyses?
ijdnju

ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju ijdnju



a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ijdnju ijdnju ijdnju




TOPICS: A-Head: 1.2 Overview of the Book ijdnju ijdnju ijdnju ijdnju ijdnju




Page 4
ijdnju

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 DREAMS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart