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Test Bank for Business Analytics, 5th Edition by Jeffrey D. Camm $29.49   Add to cart
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Test Bank for Business Analytics, 5th Edition by Jeffrey D. Camm

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  • Course
  • Business Analytics
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  • Business Analytics

Test Bank for Business Analytics 5e 5th Edition by Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann. Full Chapters test bank are included - Chap 1 to 17 (Complete Chapters) 1. Introduction. 2. Descriptive Statistics. 3. Data Visualization. 4. Data Wrangling. 5. Probabili...

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  • August 14, 2023
  • 815
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • Business Analytics
  • Business Analytics

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Name: Class: Date:

Chap 01 5e Camm

Indicate the answer choice that best completes the statement or answers the question.
1. Simulation optimization helps _____.
a. in identifying the constraints of the situation
b. to find good decisions in highly complex and highly uncertain settings
c. in assigning values to outcomes
d. to model certainty using optimization techniques

2. Data dashboards are what type of analytics?
a. Predictive
b. Descriptive
c. Prescriptive
d. Decision

3. In order to manage an organization’s human resource activities, such as hiring employees, tracking, and
influencing employee retention, HR personnel use _____.
a. both descriptive and predictive analytics
b. both descriptive and prescriptive analytics
c. both predictive and prescriptive analytics
d. only predictive analytics

4. What does the U.S. Internal Revenue Service use to identify patterns that distinguish questionable annual
personal income tax filings?
a. Utility theory
b. Prescriptive analytics
c. Data mining
d. Decision analysis

5. Which decision is concerned with how the organization should achieve the goals and objectives set by its
strategy?
a. Tactical
b. Strategic
c. Intuitive
d. Operational

6. A light bulb manufacturer uses descriptive analytics to _____.
a. present supply chain to managers visually
b. achieve efficiency in delivery of goods
c. schedule staff and vehicle for delivery
d. plan capacity utilization by incorporating the inherent uncertainty in commodities pricing




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