- Study guides, Class notes & Summaries

MSIS 3223 - NORD - OKSTATE - EXAM 1 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Which of the following ways would 10 raised to the power of 2 × 5 raised to the power of 3/ 100 - 73 be represented in an Excel spreadsheet? - Answer -10^2 * 5^3 / 100 - 73 Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in Excel? - Answer -A relative address uses just the row and column label in the cell reference; an absolute a...

MSIS 3223 FINAL EXAM REVIEW OKST (NORD) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Variable cost = ? - Answer -Unit Variable Cost * Quantity Produced Total Cost = - Answer -Fixed Cost + Variable Cost* Quantity Produced Also written as C=F+VQ Logic suggests that variable cost is the unit variable cost times the quantity of item produced. Thus a ____________ would be - Answer - descriptive model _______has an influence on profit by predicting how many units of a product will be...

MSIS 3223 NORD OKSTATE EXAM 1 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Which of the following ways would 10 raised to the power of 2 × 5 raised to the power of 3/ 100 - 73 be represented in an Excel spreadsheet? - Answer -10^2 * 5^3 / 100 - 73 Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in Excel? - Answer -A relative address uses just the row and column label in the cell reference; an absolute address ...

MSIS 3223 EXAM 2 (CH. 5, 8, 9) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Which of the following is true about variance? - Answer -it measures the uncertainty of a random variable. A probability density function: - Answer -characterizes outcomes of a continuous random variable. Regression models of ________ data focus on predicting the future. - Answer -time-series The Delphi method used for forecasting: - Answer -uses a panel of experts, whose identities are typically kept co...

MSIS 3223 EXAM 1 (APPENDIX A1, CH. 1-4) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Cell references - Answer -_____ in formulas can be written with either relative addresses or absolute addresses. Relative - Answer -A(n) _____ address uses just the row and column label in the cell reference (for example A4 or C23). Absolute - Answer -A(n) _____ address uses a dollar sign ($) before either the row or column or both ($A2, C$23, or $B$15). B$4 - Answer -Using a dollar sign ($) bef...

MSIS 3223 FINAL EXAM OKLAHOMA STATE ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Total Cost - Answer -=Fixed Cost + Variable Cost * Quantity Produced Influence Diagram - Answer -A visual representation of a descriptive model that shows how the elements of the model influence, or relate to, others. Revenue - Answer -= Price * Quantity Sold Gross Profit - Answer -= Sales - Cost of Goods Sold Operating Expenses - Answer -= Admin Expenses + Selling Expenses + Depreciation Expenses ...

MSIS 3223 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Variable Cost the unit variables cost multiplied by the quantity of item produced. Variable Cost Equation VC= Unit VC x Quanitity produced Total Cost Equation Total Cost= fixed Cost + Variable Cost x Quantity Produced or C=F+VQ

MSIS 3223 QUIZZES ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS False - Answer -Descriptive analytics helps detect hidden patterns in large quantities of data to group data into sets to predict behavior (T/F). False - Answer -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 - Answer -Prescriptive analytics can help a company address the best way of shipping...

MSIS 3223 - EXAM 1 (CHAPTERS 1- 4) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto 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 f...

MSIS 3223 EXAM 2 OKSTATE ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Probabilities are expressed - Answer -as values between 0 and 1 classical definition of probability - Answer -If the process that generates the outcome is known, and can be deduced from theoretical arguments; relative frequency definition - Answer -based on empirical data relative frequency definition - Answer -probability that an outcome will occur is simply the relative frequency associated with that outcome....