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MSIS 3223 - Exam 1 (Chapters 1-4) Questions and Answers 100% Correct.
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MSIS 3223 - Exam 1 (Chapters 1-4) Questions and Answers 100- Correct.
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MSIS 3223 - Exam 1 (Chapters 1-4) Questions andAnswers 100% Correct
Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto sets to
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predict behavior. - (correct answer) -False.
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A manager at Academy wishes to know the company's revenue and profit in its previous quarter.
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Predictive analytics is what the manager should use for this task. - (correct answer) -False.
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Prescriptive analytics can help a company address the best way of shipping goods from their factories
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to minimize costs. - (correct answer) -True.
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Analyzing the problem is the first phase in decision making. - (correct answer) -False.
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A deterministic model is one in which all model input information is wither known or assumed to be
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known with certainty. - (correct answer) -True.
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The demand for professionals with analytics expertise has skyrocketed. - (correct answer) -True.
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Modern business analytics can be viewed as an integration of Business Intelligence, Information
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Systems, statistics, and modeling and optimization. - (correct answer) -True.
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Statistics has a long rich history, yet only rather recently has it been recognized as an important
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element of business, driven to a large extent by the massive growth of data in today's world. - (correct
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answer) -True.
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, Decision models typically have three types of input: Data, Uncontrollable Inputs, and Decision Options.
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- (correct answer) -True.
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A body weight scale is used to weigh patients in a clinic, but it reads weights one pound below the
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true value. Which of the following is true about the data collected by this scale? - (correct answer) -
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Data are valid.io io
AND(condition 1, condition 2...) is a logical function that returns TRUE if all conditions are true and
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FALSE if not. - (correct answer) -True.
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The Pareto principle is often called the "80--20 rule." - (correct answer) -True.
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The filter tool extracts records meeting the specified criteria, deleting any records that don't match the
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criteria. - (correct answer) -False.
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Three useful logical functions in business analytics applications are IF, AND, and OR followed by
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conditions in parentheses. - (correct answer) -True.
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Form controls are buttons, boxes, and other mechanisms for inputting or changing data on
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spreadsheets easily and used to design user-friendly spreadsheets. - (correct answer) -True.
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PivotTables may be used to facilitate data visualization and statistical analysis of data sets. - (correct
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answer) -True.
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Excel has a tool called 'dicers' for drilling down data in a PivotTable to display as subset of that data. -
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(correct answer) -False.
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