Exam (elaborations)

Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12 | Complete Newest Version

14 views 2 purchases

Course
Solution Manual Introduction to Business Analytics

Institution
Solution Manual Introduction To Business Analytics

Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12 | Complete Newest Version Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12 | Comp...

[Show more]

Preview 4 out of 152 pages

View example

Uploaded on November 28, 2023
Number of pages 152
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

introduction to business
solution manual for introduction to business analy
solution manual for introduction to business
introduction to business analy
introduction to business analytics 1st edition

Institution Solution Manual Introduction to Business Analytics
Course Solution Manual Introduction to Business Analytics

LectWarren

Member since 10 months 179 documents sold

CA$27.98

Added

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson Verified Chapter's 1 - 12 | Complete Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions TABLE OF CONTENTS Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions Chapter 2: Obtain the Data: An Introduction to Business Data Sources Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics Chapter 4: Analyz e the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics) Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics) Chapter 6: Report the Results: Using Data Visualization Chapter 7: Marketing Analytics Chapter 8: Accounting Analytics Chapter 9: Financial Analytics Chapter 10: Operations Analytics Chapter 11: Advanced Business Analytics Chapter 12: Using the SOAR Analytics Model to Put It All Togeth er: Three Capstone Projects Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions Chapter 1 End-of-Chapter Assignment Solutions Multiple Choice Questions 1. (LO 1.1) A coordinated, standardized set of activities conducted by both people and equipment to accomplish a specific business task is called . a. busin ess processes b. business analysis c. business procedure d. business value 2. (LO 1.2) According to the information value chain, data combined with context is a. Information. b. Knowledge. c. Insight. d. Value. 3. (LO 1.5) Which phase of the SOAR analytics model addresses the proper way to communicate results to the decision maker? a. Specify the question b. Obtain the data c. Analyze the data d. Report the results 4. (LO 1.5) Which phase of the SOAR analytics model involves finding the most appropriate data needed to address the business question? a. Specify the question b. Obtain the data c. Analyze the data d. Report the results 5. (LO 1.5) Which questions seek information about Tesla’s sales in the next quarter? a. What happened? What is happening? b. Why did it happen? What are the causes of past results? c. Will it happen in the future? What is the probability something will happen? Can we forecast what will happen? d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints? 6. (LO 1.5) Which questions seek information on the routing of products from Queretaro, Mexico to Chicago, United States in the last quarter? a. What happened? What is happening? b. Why did it happen? What are the causes of past results? c. Will it happen in the future? What is the probability something will happen? Can we forecast what will happen? d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints? Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions 4 7. (LO 1.5) Which questions ask why net income is increasing when revenues are decreasing, counter to expectations? a. What happened? What is happening? b. Why did it happen? What are the causes of past results? c. Will it happen in the future? What is the probability something will happen? Can we forecast what will happen? d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints? 8. (LO 1.5) Which questions help managers understand how to organize future shipments based on expected demand? a. What happened? What is happening? b. Why did it happen? What are the causes of past results? c. Will it happen in the future? What is the probability something will hap pen? Can we forecast what will happen? d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints? 9. (LO 1.5) Which term refers to the combined accuracy, validity, and consistency of data stored and used over time? a. Data integrity b. Data overload c. Data value d. Information value 10. (LO 1.3) A specialist who knows how to work with, manipulate, and statistically test data is a a. decision maker. b. data scientist. c. data analyst. d. decision scientist. 11. (LO 1.4) Which type of analysts predicts the amount of money that a company will receive from its customers to help management evaluate future investments based on expected investment performance, such as investments in equipment or employee training? a. Marketing analyst b. Operations analyst c. Financial analyst d. Accounting analyst 12. (LO 1.4) Which type of analyst addresses questions regarding tax and auditing ? a. Marketing analyst b. Operations analyst c. Financial analyst d. Accounting analyst 13. (LO 1.5) Suppose a company has timely product reviews that are available when needed, but the reviews are biased. These product reviews are which type of data? a. Reliable b. Relevant c. Curated d. Consistent © McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC.

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 LectWarren. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$27.98. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72799 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

Exam (elaborations)

Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12 | Complete Newest Version

Document information

Subjects

Written for

Seller

Reviews received

Content preview