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Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered ||Complete A+ Guide$17.99
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Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered ||Complete A+ Guide
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Business Analytics 8th Edition By Albright
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Business Analytics 8th Edition By Albright
Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered ||Complete A+ Guide
,Copyright fCengage fLearning. fPowered fby Page f1
fCognero.
,1. The fdecision-making fthemes fcovered fin fBusiness fAnalytics: fData fAnalysis f& fDecision fMaking finclude fwhich fof fthe
following?
f
a. optimization ftechniques b. fdecision fanalysis fwith funcertainty
c. f structured fsensitivity fanalysis d. fall fof fthese fchoices
ANSWER: d
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fKnowledge
TOPICS: A-Head: f1-2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
2. Which fstatement fis fnot ftrue?
a. Dealing fwith funcertainty fincludes fmeasuring funcertainty.
b. Dealing fwith funcertainty fincludes fmodeling funcertainty fexplicitly finto fthe fanalysis.
c. Dealing fwith funcertainty fincludes feliminating funcertainty fby fusing fthe fnormal fprobability fdistribution.
d. Dealing fwith funcertainty frequires fa fbasic funderstanding fof fprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fKnowledge
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
3. What fis fnot fone fof fthe fimportant fthemes fof fyour fBusiness fAnalytics: fData fAnalysis f& fDecision fMaking ftext?
a. data fanalysis b. fdealing fwith funcertainty
c. f decision fmaking d. fdata fmining
ANSWER: d
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fKnowledge
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
4. Data fanalysis fincludes:
a. data fdescription b. fdata finference
c. f the fsearch ffor frelationships f in f data d. fall fof fthese fchoices
ANSWER: d
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fKnowledge
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
5. Which fof fthe ffollowing fis fnot fone fof fthe fsteps fin fthe fmodeling fprocess?
a. Select fthe fscale ffor fthe fmodel.
b. Collect fand fsummarize fdata.
c. Verify fthe fmodel.
d. Present fthe fresults.
e. Implement fthe fmodel fand fupdate fit fthrough ftime.
6. Which fof fthe ffollowing fwould fnot fbe fincluded funder fdata fanalysis?
a. measuring funcertainty b. fdata fdescription
c. f data finference d. fsearch ffor frelationships
ANSWER: a
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fComprehension
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
7. The fdecision fmaking fprocess fincludes:
a. optimization ftechniques ffor fproblems fwith fno funcertainty
b. decision fanalysis ffor fproblems fwith funcertainty
c. sensitivity fanalysis
d. all fof fthese fchoices
ANSWER: d
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fKnowledge
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
8. Which ftool fis fan fExcel® f add-in ffor fperforming fwhat-if fanalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: f Easy f| fBloom's: fComprehension
TOPICS: A-Head: f1.2 fOverview fof fthe fBook
OTHER: BUSPROG: fAnalytic f| fDISC: fDecision fMaking
9. Which fof fthe ffollowing fstatements fare ftrue?
a. Three fimportant fthemes frun fthrough fthe fbook: fdata fanalysis, fdecision fmaking, fand funcertainty.
b. Data fanalysis fincludes fdata fdescription, fdata finference, fand fthe fsearching ffor frelationships fin fdata
c. Decision fmaking fincludes foptimization ftechniques ffor fproblems fwith fno funcertainty, fdecision fanalysis ffor
problems fwith funcertainty, fand fstructured fsensitivity fanalysis.
f
d. Dealing fwith funcertainty fincludes fmeasuring funcertainty fand fmodeling funcertainty fexplicitly finto fthe fanalysis.
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