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 Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered, Verified Latest Edition $16.49   Add to cart

Exam (elaborations)

Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered, Verified Latest Edition

 3 views  0 purchase
  • Course
  • Business Analytics 8th Edition By Albright
  • Institution
  • Business Analytics 8th Edition By Albright

Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered, Verified Latest Edition

Preview 4 out of 607  pages

  • October 25, 2024
  • 607
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
  • Business Analytics 8th Edition By Albright
  • Business Analytics 8th Edition By Albright
avatar-seller
SuccessMaestro
,Copyright r Cengage r Learning. rPowered rby Page r 1

,1. The rdecision-making rthemes rcovered rin rBusiness rAnalytics: rData rAnalysis r& rDecision rMaking rinclude rwhich rof
r therfollowing?
a. optimization rtechniques b. rdecision ranalysis rwith runcertainty
c. r structured rsensitivity ranalysis d. rall rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1-2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

2. Which rstatement ris rnot rtrue?
a. Dealing rwith runcertainty rincludes rmeasuring runcertainty.
b. Dealing rwith runcertainty rincludes rmodeling runcertainty rexplicitly rinto rthe ranalysis.
c. Dealing rwith runcertainty rincludes reliminating runcertainty rby rusing rthe rnormal rprobability rdistribution.
d. Dealing rwith runcertainty rrequires ra rbasic runderstanding rof rprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

3. What ris rnot rone rof rthe rimportant rthemes rof ryour rBusiness rAnalytics: rData rAnalysis r& rDecision rMaking rtext?
a. data ranalysis b. rdealing rwith runcertainty
c. r decision rmaking d. rdata rmining
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

4. Data ranalysis rincludes:
a. data rdescription b. rdata rinference
c. r the rsearch rfor rrelationships r in rdata d. rall rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

5. Which rof rthe rfollowing ris rnot rone rof rthe rsteps rin rthe rmodeling rprocess?
a. Select rthe rscale rfor rthe rmodel.
b. Collect rand rsummarize rdata.
c. Verify rthe rmodel.
d. Present rthe rresults.
e. Implement rthe rmodel rand rupdate rit rthrough rtime.



Copyright r Cengage r Learning. rPowered Page r 2
rby

, ANSWER: a
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension


TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

6. Which rof rthe rfollowing rwould rnot rbe rincluded runder rdata ranalysis?
a. measuring runcertainty b. rdata rdescription
c. r data rinference d. rsearch rfor rrelationships
ANSWER: a
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

7. The rdecision rmaking rprocess rincludes:
a. optimization rtechniques rfor rproblems rwith rno runcertainty
b. decision ranalysis rfor rproblems rwith runcertainty
c. sensitivity ranalysis
d. all rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

8. Which rtool ris ran rExcel® r add-in rfor rperforming rwhat-if ranalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking

9. Which rof rthe rfollowing rstatements rare rtrue?
a. Three rimportant rthemes rrun rthrough rthe rbook: rdata ranalysis, rdecision rmaking, rand runcertainty.
b. Data ranalysis rincludes rdata rdescription, rdata rinference, rand rthe rsearching rfor rrelationships rin rdata
c. Decision rmaking rincludes roptimization rtechniques rfor rproblems rwith rno runcertainty, rdecision ranalysis
r forrproblems rwith runcertainty, r and rstructured rsensitivity ranalysis.
d. Dealing rwith runcertainty rincludes rmeasuring runcertainty rand rmodeling runcertainty rexplicitly rinto rthe ranalysis.




Copyright r Cengage r Learning. rPowered Page r 3
rby

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 SuccessMaestro. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84866 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
$16.49
  • (0)
  Add to cart