100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TEST BANK for Business Analytics: Communicating with Numbers 2nd Edition by Sanjiv Jaggia, Alison Kelly and Kevin Lertwachara. ISBN10: ISBN. (All Chapters 1-18) GUARANTEED PASS $17.99   Add to cart

Exam (elaborations)

TEST BANK for Business Analytics: Communicating with Numbers 2nd Edition by Sanjiv Jaggia, Alison Kelly and Kevin Lertwachara. ISBN10: ISBN. (All Chapters 1-18) GUARANTEED PASS

 3 views  0 purchase
  • Course
  • Business Analytics:
  • Institution
  • Business Analytics:

TEST BANK for Business Analytics: Communicating with Numbers 2nd Edition by Sanjiv Jaggia, Alison Kelly and Kevin Lertwachara. ISBN10: ISBN. (All Chapters 1-18) GUARANTEED PASS What is the law of supply? - ANS-as price increases, quantity supplied increases What is a change in quantity s...

[Show more]

Preview 2 out of 9  pages

  • October 10, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • business analytics
  • Business Analytics:
  • Business Analytics:
avatar-seller
joycewanjiku0036
TEST BANK for Business Analytics:
Communicating with Numbers 2nd Edition by
Sanjiv Jaggia, Alison Kelly and Kevin
Lertwachara. ISBN10: ISBN. (All Chapters 1-18)
GUARANTEED PASS

What is the law of supply? - ANS-as price increases, quantity
supplied increases

What is a change in quantity supplied? - ANS-the variation in the
amount of a good or service that producers are willing and able to
sell at a specific price, typically due to a change in that price.

change in supply - ANS-a shift of the supply curve, which
changes the quantity supplied at any given price

List the five factors that cause the Supply Curve to shift. - ANS-1.)
input prices
2.) technology
3.) Number of sellers
4.) expectations
5.) government policies

input prices - ANS-a measure of the average prices of labor, raw
materials, and other inputs that firms use to produce goods and
services

, technology - ANS-Improvements in technology can enhance
production efficiency, allowing producers to create more goods at
a lower cost.


What is business analytics? - ANS-the scientific process of
transforming data into insight for making better decisions

IMPACT Cycle (steps) - ANS-1. Identify the questions
2. Master the data
3. Perform the test plan
4. Address and refine results
5. Communicate insights
6. Track outcomes

Identifying the question (I) - ANS-Define the problem or
opportunity clearly. What needs to be addressed?

Master the data (M) - ANS-this involves collecting relevant
quantitative and qualitative data from various sources. Ensure
that the data is accurate, comprehensive, and suitable for
analysis. Mastering the data also means understanding its
limitations and potential biases.

Perform the test plan (P) - ANS-Develop and execute a test plan
based on the identified questions and the mastered data. This
step may involve statistical analysis, experiments, or simulations
to evaluate hypotheses or assess the impact of different variables

Address and refine results (A) - ANS-Analyze the outcomes of the
tests and address any unexpected results or discrepancies. This
may involve refining the methods used or revisiting the data to
ensure robustness.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller joycewanjiku0036. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart