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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, Verified Latest Edition$16.49
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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, Verified Latest Edition
Test Bank For Business Analytics: Data Analysis & Decision Making, 8th Edition by Albright and Winston's, ISBN: 9780357984581, All 19 Chapters Covered, Verified Latest Edition
,Copyright r Cengage r Learning. rPowered rby Page r 1
,1. The rdecision-making rthemes rcovered rin rBusiness rAnalytics: rData rAnalysis r& rDecision rMaking rinclude rwhich rof
r therfollowing?
a. optimization rtechniques b. rdecision ranalysis rwith runcertainty
c. r structured rsensitivity ranalysis d. rall rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1-2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
2. Which rstatement ris rnot rtrue?
a. Dealing rwith runcertainty rincludes rmeasuring runcertainty.
b. Dealing rwith runcertainty rincludes rmodeling runcertainty rexplicitly rinto rthe ranalysis.
c. Dealing rwith runcertainty rincludes reliminating runcertainty rby rusing rthe rnormal rprobability rdistribution.
d. Dealing rwith runcertainty rrequires ra rbasic runderstanding rof rprobability.
ANSWER: c
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
3. What ris rnot rone rof rthe rimportant rthemes rof ryour rBusiness rAnalytics: rData rAnalysis r& rDecision rMaking rtext?
a. data ranalysis b. rdealing rwith runcertainty
c. r decision rmaking d. rdata rmining
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
4. Data ranalysis rincludes:
a. data rdescription b. rdata rinference
c. r the rsearch rfor rrelationships r in rdata d. rall rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
5. Which rof rthe rfollowing ris rnot rone rof rthe rsteps rin rthe rmodeling rprocess?
a. Select rthe rscale rfor rthe rmodel.
b. Collect rand rsummarize rdata.
c. Verify rthe rmodel.
d. Present rthe rresults.
e. Implement rthe rmodel rand rupdate rit rthrough rtime.
Copyright r Cengage r Learning. rPowered Page r 2
rby
, ANSWER: a
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension
6. Which rof rthe rfollowing rwould rnot rbe rincluded runder rdata ranalysis?
a. measuring runcertainty b. rdata rdescription
c. r data rinference d. rsearch rfor rrelationships
ANSWER: a
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
7. The rdecision rmaking rprocess rincludes:
a. optimization rtechniques rfor rproblems rwith rno runcertainty
b. decision ranalysis rfor rproblems rwith runcertainty
c. sensitivity ranalysis
d. all rof rthese rchoices
ANSWER: d
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rKnowledge
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
8. Which rtool ris ran rExcel® r add-in rfor rperforming rwhat-if ranalyses?
a. PrecisionTree
b. TopRank
c. Solver
d. @Risk
e. StatTools
ANSWER: b
POINTS: 1
DIFFICULTY: r Easy r| rBloom's: rComprehension
TOPICS: A-Head: r1.2 rOverview rof rthe rBook
OTHER: BUSPROG: rAnalytic r| rDISC: rDecision rMaking
9. Which rof rthe rfollowing rstatements rare rtrue?
a. Three rimportant rthemes rrun rthrough rthe rbook: rdata ranalysis, rdecision rmaking, rand runcertainty.
b. Data ranalysis rincludes rdata rdescription, rdata rinference, rand rthe rsearching rfor rrelationships rin rdata
c. Decision rmaking rincludes roptimization rtechniques rfor rproblems rwith rno runcertainty, rdecision ranalysis
r forrproblems rwith runcertainty, r and rstructured rsensitivity ranalysis.
d. Dealing rwith runcertainty rincludes rmeasuring runcertainty rand rmodeling runcertainty rexplicitly rinto rthe ranalysis.
Copyright r Cengage r Learning. rPowered Page r 3
rby
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