MSIS 3223 - Exam 1 (Chapters 1-
4)CORRECT 100%
Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto sets
to predict behavior. - ANSWERFalse.
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. - ANSWERFalse.
Prescriptive analytics can help a company address the best way of shipping goods from their factories
to minimize costs. - ANSWERTrue.
Analyzing the problem is the first phase in decision making. - ANSWERFalse.
A deterministic model is one in which all model input information is wither known or assumed to be
known with certainty. - ANSWERTrue.
The demand for professionals with analytics expertise has skyrocketed. - ANSWERTrue.
Modern business analytics can be viewed as an integration of Business Intelligence, Information
Systems, statistics, and modeling and optimization. - ANSWERTrue.
Statistics has a long 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. -
ANSWERTrue.
Decision models typically have three types of input: Data, Uncontrollable Inputs, and Decision
Options. - ANSWERTrue.
Form controls are buttons, boxes, and other mechanisms for inputting or changing data on
spreadsheets easily and used to design user-friendly spreadsheets. - ANSWERTrue.
4)CORRECT 100%
Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto sets
to predict behavior. - ANSWERFalse.
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. - ANSWERFalse.
Prescriptive analytics can help a company address the best way of shipping goods from their factories
to minimize costs. - ANSWERTrue.
Analyzing the problem is the first phase in decision making. - ANSWERFalse.
A deterministic model is one in which all model input information is wither known or assumed to be
known with certainty. - ANSWERTrue.
The demand for professionals with analytics expertise has skyrocketed. - ANSWERTrue.
Modern business analytics can be viewed as an integration of Business Intelligence, Information
Systems, statistics, and modeling and optimization. - ANSWERTrue.
Statistics has a long 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. -
ANSWERTrue.
Decision models typically have three types of input: Data, Uncontrollable Inputs, and Decision
Options. - ANSWERTrue.
Form controls are buttons, boxes, and other mechanisms for inputting or changing data on
spreadsheets easily and used to design user-friendly spreadsheets. - ANSWERTrue.
