MSIS 3223 Quiz 1 Questions and Answers 100% Correct
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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
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