Ugba 104 - Study guides, Class notes & Summaries

UGBA 104 - Exam 1 with Questions and Answers Optimization - CORRECT ANSWER-maximizing or minimizing an objective function involving at least one variable Linear programming - CORRECT ANSWER-maximizing or minimizing an objective when the objective function AND all constraints involve linear functions of the variables 5 Steps in Formulating a Linear Program - CORRECT ANSWER-(1) understand decision problem (2) define decision variables (3) express objective as a linear function of deci...

UGBA 104- Excel Midterm Exam Guide 2024. decision analysis - correct answer Definition: A technique used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events. Internet of Things (IoT) - correct answer Definition: The technology that allows data collected from sensors in all types of machines to be sent over the Internet to repositories where it can be stored and analyzed. optimization models - correct ans...

UGBA 104 PRACTICE REVIEW QUESTIONS 2024. Example of a Quantitative Variable - correct answer Age, Income Example of a Categorical Variable - correct answer Religion, Zip Code, Rent vs Own Example of a Binary Categorical Variable - correct answer Rent vs Own, Paid vs Not What is the difference between Sorting and Filtering? - correct answer Sort puts things in different orders whereas Filtering only shows the results you filtered for What are some of the uses of Conditional Formatt...

UGBA 104 - Exam 1 Questions with correct Answers Optimization - ️️ maximizing or minimizing an objective function involving at least one variable Linear programming - ️️ maximizing or minimizing an objective when the objective function AND all constraints involve linear functions of the variables 5 Steps in Formulating a Linear Program - ️️ (1) understand decision problem (2) define decision variables (3) express objective as a linear function of decision variables (4) expres...

UGBA 104 Midterm Exam Questions and Answers 100% Verified calculate outliers IQR method - CORRECT ANSWER-IQR below; Q1 - 1.5 * IQR IQR above; Q3 + 1.5 * IQR how to calculate percentiles - CORRECT ANSWER-percentile (L) = (n+1) * P/100 calculate z score outlier - CORRECT ANSWER-(value-mean)/SD rule of thumb for z score outlier - CORRECT ANSWER-above or below 3 SDs away which outlier method is more lenient - CORRECT ANSWER-z score, it goes further from mean than the IQR method ie the IQR...

UGBA 104 Exam 1 Practice Questions and Answers 100% Elaborated International Business - CORRECT ANSWER-Commercial transaction that crosses the borders of two or more nations imports - CORRECT ANSWER-Goods and services purchased abroad and brought into a country exports - CORRECT ANSWER-goods and services sold abroad and sent out of a country Multinational Corporation( MNC) - CORRECT ANSWER-Business that has direct investments abroad in multiple countries born global firm - CORRECT...

UGBA 104- Excel Midterm 1 Question and answers 100% correct 2023/2024 decision analysis - correct answer Definition: A technique used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events. Internet of Things (IoT) - correct answer Definition: The technology that allows data collected from sensors in all types of machines to be sent over the Internet to repositories where it can be stored and analyzed. optim...

SDS Exam 1 Chapter 1 UGBA 104 (questions and answers) latest Types of Data - CORRECT ANSWER-Data are compilations of facts, figures, or other contents, both numerical and non-numerical. •Data of all types/formats are generated from multiple sources. •Customers/businesses use data from to help make decisions. •Statistics is the language of data. Statistics is the science that deals with the collection, preparation, analysis, interpretation, and presentation of data. •First: fin...

UGBA 104 Final Review Exam Questions and Answers Example of a Quantitative Variable - CORRECT ANSWER-Age, Income Example of a Categorical Variable - CORRECT ANSWER-Religion, Zip Code, Rent vs Own Example of a Binary Categorical Variable - CORRECT ANSWER-Rent vs Own, Paid vs Not What is the difference between Sorting and Filtering? - CORRECT ANSWER-Sort puts things in different orders whereas Filtering only shows the results you filtered for What are some of the uses of Conditional F...