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MSIS 3223 - Nord – Oklahoma State - Exam 1 Questions With Complete Solutions
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MSIS 3223 - Nord – Oklahoma State - Exam 1 Questions With Complete Solutions
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MSIS 3223 - Nord – Oklahoma State - Exam 1 QuestionsWith Complete Solutions
_______ is a measure of the linear relationship between two
variables, X and
Y, which does not depend on the units of measurement. Correct
Answer Correlation
________ is a logical function that returns one value if the
condition is true
and another if the condition is false. Correct Answer
IF(condition, value if true, value if false)
________ is a measure of the linear association between two
variables, X
and Y Correct Answer Covariance
________ measures the worth of a stream of cash flows, taking
into account
the time value of money. Correct Answer Net present value
A graphical depiction of a frequency distribution for numerical
data in the
form of a column chart is called a ________. Correct Answer
histogram
Complete the following sentence: a Dashboard... Correct
Answer All of these.
Decision variables: Correct Answer can be selected at the
discretion of the decision maker
, Descriptive analytics: Correct Answer helps companies classify
their customers into segments to develop specific
marketing campaigns.
Descriptive decision models: Correct Answer describe
relationships but do not tell a manager what to do.
During which phase in problem solving is a formal model often
developed? Correct Answer structuring the problem
Following are the components of a data set containing purchase
details of a
shoe manufacturing company. Identify the ratio data. Correct
Answer Item cost
For two variables, a positive correlation coefficient indicates
________. Correct Answer a linear relationship exists for
which one variable increases as the other also
increases
How is the return to risk described in financial statistics?
Correct Answer as the reciprocal of coefficient of variation
In a MATCH function, if the match_type = 0, then ________.
Correct Answer MATCH finds the first value that is exactly
equal to lookup_value
In statistical notation, the elements of a data set are typically
labeled as
________. Correct Answer subscripted variables
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