MSIS 3223 Quiz 1 Questions and Answers 100% Correct
5 views 0 purchase
Course
MSIS 3223
Institution
MSIS 3223
MSIS 3223 Quiz 1 Questions and Answers 100% Correct
MSIS 3223 Quiz 1 Questions and Answers 100% Correct
MSIS 3223 Quiz 1 Questions and Answers 100% Correct
Descriptive analytics helps detect hidden patterns in large quantities of data to group data into sets to predict behavior. - ANSWER-Fal...
MSIS 3223 Quiz 1 Questions and
Answers 100% Correct
Descriptive analytics helps detect hidden patterns in large quantities of data to group
data into sets to predict behavior. - ANSWER-False
A manager at Academy wishes to know the company's revenue and profit in its previous
quarter. Predictive analytics is what the manager should use for this task. - ANSWER-
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs. - ANSWER-True
Analyzing the problem is the first phase in decision making. - ANSWER-False
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty. - ANSWER-True
Statistics has a long and rich history, yet only rather recently has it been recognized as
an important element of business, driven to a large extent by the massive growth of
data in today's world. - ANSWER-True
Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options. - ANSWER-True
The demand for professionals with analytics expertise has skyrocketed. - ANSWER-
True
Three useful logical functions in business analytics applications are IF, AND, and OR
followed by conditions in parentheses. - ANSWER-True
Form controls are buttons, boxes, and other mechanisms for inputting or changing data
on spreadsheets easily and used to design user-friendly spreadsheets. - ANSWER-True
PivotTables may be used to facilitate data visualization and statistical analysis of data
sets. - ANSWER-True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - ANSWER-True
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 NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
