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MSIS 3223 Quizzes/115 Questions and Answers
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MSIS 3223 Quizzes/115 Questions and Answers
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MSIS 3223 Quizzes/115 Questionsand Answers
False - -Descriptive analytics helps detect hidden patterns in large quantities
of data to group data into sets to predict behavior (T/F).
- 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 (T/F).
- True - -Prescriptive analytics can help a company address the best way of
shipping goods from their factories to minimize costs (T/F).
- False - -Analyzing the problem is the first phase in decision making (T/F).
- True - -Product mix is determined by top managers (T/F).
- True - -A deterministic model is one in which all model input information is
either known or assumed to be known with certainty (T/F).
- True - -The demand for professionals with analytics expertise has
skyrocketed (T/F).
- True - -Modern business analytics can be viewed as an integration of
Business Intelligence, Information Systems, statistics, and modeling and
optimization (T/F).
- 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 (T/F).
- True - -Decision models typically have three types of input: Data,
uncontrollable inputs, and decision options (T/F).
- True - -AND(condition 1, condition 2...) is a logical function that returns
TRUE if all conditions are true and FALSE if not (T/F).
- True - -The Pareto principle is often called the "80--20 rule" (T/F).
- False - -The filter tool extracts records meeting the specified criteria,
deleting any records that don't match the criteria (T/F).
- True - -Three useful logical functions in business analytics applications are
IF, AND, and OR followed by conditions in parentheses (T/F).
, - True - -Form controls are buttons, boxes, and other mechanisms for
inputting or changing data on spreadsheets easily and used to design user-
friendly spreadsheets (T/F).
- True - -PivotTables may be used to facilitate data visualization and
statistical analysis of data sets (T/F).
- False - -Excel has a tool called 'dicers' for drilling down data in a
PivotTable to display as subject of that data (T/F).
- True - -A database is a collection of related files (tables) containing
records on people, places, or things (T/F).
- False - -Empirical data is data that comes from an organization's daily
operations (T/F).
- True - -A data set is simply a collection of data (T/F).
- True - -Dashboards may include tabular as well as visual data to help a
manager to quickly locate key information (T/F).
- True - -Excel distinguishes between vertical and horizontal bar charts,
calling the former column charts and the latter bar charts (T/F).
- True - -Line charts provide a useful means for displaying data over time
(T/F).
- True - -A bubble chart is a type of scatter chart that provides a way to plot
three variables in two dimensions (T/F).
- True - -Color scales shade scales based on their numerical value using a
color palette. This is an option in the Conditional Formatting menu (T/F).
- True - -Data visualization is the process of displaying data in a meaningful
fashion to provide insights that will support better decisions (T/F).
- False - -An area chart combines the features of bubble charts with those of
line charts (T/F).
- True - -Radar charts show multiple metrics on a spider web (T/F).
- True - -Data bars display colored bars that are scaled to the magnitude of
the data values (similar to a bar chart) but placed directly within the cells of
range (T/F).
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