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TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19| ultimate guide 100% verified A+. $20.49   Add to cart
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TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19| ultimate guide 100% verified A+.
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  • Business Analytics Data Analysis & Decision Making

TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 19| ultimate guide 100% verified A+.TEST BANK For Business Analytics: Data Analysis & Decision Making, 8th Edition by (S. Christian Albright, ) Verified Chapters 1 - 1...

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  • October 23, 2024
  • 323
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Business Analytics Data Analysis & Decision Making
  • Business Analytics Data Analysis & Decision Making

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,Page 2
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, ki Business Analytics Data Analysis and Decision Making 8th ki ki ki ki ki ki ki




ki complete exam questions and answers Chapter 1-19 ki ki ki ki ki ki




1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki


ki following?
a. optimization techniques ki b. decision analysis with uncertainty ki ki ki




c. structured sensitivity analysis ki ki d. all of these choices ki ki ki




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ki ki ki




TOPICS: A-Head: 1-2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




2. Which statement is not true?
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a. Dealing with uncertainty includes measuring uncertainty.
ki ki ki ki ki




b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
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c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
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d. Dealing with uncertainty requires a basic understanding of probability.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
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a. data analysis b. dealing with uncertainty
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c. decision making d. data mining ki ki




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




4. Data analysis includes:
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a. data description ki b. data inference ki




c. the search for relationships in data
ki d. all of these choices ki ki ki ki ki ki ki




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




5. Which of the following is not one of the steps in the modeling process?
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a. Select the scale for the model. ki ki ki ki ki




b. Collect and summarize data. ki ki ki




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, c. Verify the model. ki ki




d. Present the results. ki ki




e. Implement the model and update it through time. ki ki ki ki ki ki ki




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




6. Which of the following would not be included under data analysis?
ki ki ki ki ki ki ki ki ki ki



a. measuring uncertainty b. data description ki ki




c. data inference ki d. search for relationships ki ki




ANSWER: a
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




7. The decision making process includes:
ki ki ki ki



a. optimization techniques for problems with no uncertainty ki ki ki ki ki ki




b. decision analysis for problems with uncertainty
ki ki ki ki ki




c. sensitivity analysis ki




d. all of these choices
ki ki ki




ANSWER: d
POINTS: 1
DIFFICULTY: Easy | Bloom's: Knowledge ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




®
8. Which tool is an Excel add-in for performing what-if analyses?
ki

ki ki ki ki ki ki ki ki



a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: Easy | Bloom's: Comprehension ki ki ki




TOPICS: A-Head: 1.2 Overview of the Book ki ki ki ki ki



OTHER: BUSPROG: Analytic | DISC: Decision Making ki ki ki ki ki




9. Which of the following statements are true?
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a. Three important themes run through the book: data analysis, decision making, and uncertainty.
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b. Data analysis includes data description, data inference, and the searching for relationships in data
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c. Decision making includes optimization techniques for problems with no uncertainty, decision analysis for
ki ki ki ki ki ki ki ki ki ki ki ki


ki problems with uncertainty, and structured sensitivity analysis.
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