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Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12, Complete Newest Version $16.99   Add to cart

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Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12, Complete Newest Version

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Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson, Verified Chapters 1 - 12, Complete Newest Version Solution Manual for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson Solution Manual for Introduction t...

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  • November 1, 2024
  • 189
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Introduction to Business Analytics, 1st Edition
  • Introduction to Business Analytics, 1st Edition
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Chapterv01v–
vSpecifyvthevQuestion:vUsingvBusinessvAnalyticsvtovAddressvBusinessvQuestions


Solution Manual for Introduction to Business Analytics,
1st Edition
By Vernon Richardson and Marcia Watson
Verified Chapter's 1 - 12 | Complete

, Chapterv01v–
vSpecifyvthevQuestion:vUsingvBusinessvAnalyticsvtovAddressvBusinessvQuestions




TABLE OF CONTENTS v v v




Chapterv1:vSpecifyvthevQuestion:vUsingvBusinessvAnalyticsvtovAddressvBusinessvQuestionsvv

Chapterv2:vObtainvthevData:vAnvIntroductionvtovBusinessvDatavSourcesvv

Chapterv3:vAnalyzevthevData:vBasicvStatisticsvandvToolsvRequiredvinvBusinessvAnalyticsvv

Chapterv4:vAnalyzevthevData:vExploratoryvBusinessvAnalyticsv(DescriptivevAnalyticsvandvDiagnosticvAnalytics)vv

Chapterv5:vAnalyzevthevData:vConfirmatoryvBusinessvAnalyticsv(PredictivevAnalyticsvandvPrescriptivevAnalytics)v
v



Chapterv6:vReportvthevResults:vUsingvDatavVisualizationvv

Chapterv7:vMarketingvAnalyticsvv

Chapterv8:vAccountingvAnalyticsvv

Chapterv9:vFinancialvAnalyticsvv

Chapterv10:vOperationsvAnalyticsvv

Chapterv11:vAdvancedvBusinessvAnalyticsvv

Chapterv12:vUsingvthevSOARvAnalyticsvModelvtovPutvItvAllvTogether:vThreevCapstonevProjectsvv

, Chapterv01v–
vSpecifyvthevQuestion:vUsingvBusinessvAnalyticsvtovAddressvBusinessvQuestions



Chapter 1 End-of-Chapter Assignment Solutions
v v v v




MultiplevChoicevQuestions
1. (LOv1.1)vAvcoordinated,vstandardizedvsetvofvactivitiesvconductedvbyvbothvpeoplevandvequipmentvtovaccomplishv
avspecificvbusinessvtaskvisvcalled .
a. businessvprocesses
b. businessvanalysis
c. businessvprocedure
d. businessvvalue

2. (LOv1.2)vAccordingvtovthevinformationvvaluevchain,vdatavcombinedvwithvcontextvis
a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LOv1.5)vWhichvphasevofvthevSOARvanalyticsvmodelvaddressesvthevpropervwayvtovcommunicatevresultsvtovth
evdecisionvmaker?
a. Specifyvthevquestion
b. Obtainvthevdata
c. Analyzevthevdata
d. Reportvthevresults

4. (LOv1.5)vWhichvphasevofvthevSOARvanalyticsvmodelvinvolvesvfindingvthevmostvappropriatevdatavneededvtovaddres
svthevbusinessvquestion?
a. Specifyvthevquestion
b. Obtainvthevdata
c. Analyzevthevdata
d. Reportvthevresults

5. (LOv1.5)vWhichvquestionsvseekvinformationvaboutvTesla’svsalesvinvthevnextvquarter?
a. Whatvhappened?vWhatvisvhappening?
b. Whyvdidvitvhappen?vWhatvarevthevcausesvofvpastvresults?
c. Willvitvhappenvinvthevfuture?vWhatvisvthevprobabilityvsomethingvwillvhappen?vCanvwevforecastvwha
tvwillvhappen?
d. Whatvshouldvwevdo,vbasedvonvwhatvwevexpectvwillvhappen?vHowvdovwevoptimizevourvperformancevbase
dvonvpotentialvconstraints?


6. (LOv1.5)vWhichvquestionsvseekvinformationvonvthevroutingvofvproductsvfromvQueretaro,vMexicovtovChicago
,vUnitedvStatesvinvthevlastvquarter?
a. Whatvhappened?vWhatvisvhappening?
b. Whyvdidvitvhappen?vWhatvarevthevcausesvofvpastvresults?
c. Willvitvhappenvinvthevfuture?vWhatvisvthevprobabilityvsomethingvwillvhappen?vCanvwevforecastvwhatvwi
llvhappen?
d. Whatvshouldvwevdo,vbasedvonvwhatvwevexpectvwillvhappen?vHowvdovwevoptimizevourvperformancevbase
dvonvpotentialvconstraints?

, Chapterv01v–
vSpecifyvthevQuestion:vUsingvBusinessvAnalyticsvtovAddressvBusinessvQuestions
7. (LOv1.5)vWhichvquestionsvaskvwhyvnetvincomevisvincreasingvwhenvrevenuesvarevdecreasing,vcountervt
ovexpectations?
a. Whatvhappened?vWhatvisvhappening?
b. Whyvdidvitvhappen?vWhatvarevthevcausesvofvpastvresults?
c. Willvitvhappenvinvthevfuture?vWhatvisvthevprobabilityvsomethingvwillvhappen?vCanvwevforecastvwhatvwi
llvhappen?
d. Whatvshouldvwevdo,vbasedvonvwhatvwevexpectvwillvhappen?vHowvdovwevoptimizevourvperformancevbase
dvonvpotentialvconstraints?

8. (LOv1.5)vWhichvquestionsvhelpvmanagersvunderstandvhowvtovorganizevfuturevshipmentsvbasedvonvexpecte
dvdemand?
a. Whatvhappened?vWhatvisvhappening?
b. Whyvdidvitvhappen?vWhatvarevthevcausesvofvpastvresults?
c. Willvitvhappenvinvthevfuture?vWhatvisvthevprobabilityvsomethingvwillvhappen?vCanvwevforecastvwhatvwi
llvhappen?
d. Whatvshouldvwevdo,vbasedvonvwhatvwevexpectvwillvhappen?vHowvdovwevoptimizevourvperformanc
evbasedvonvpotentialvconstraints?

9. (LOv1.5)vWhichvtermvrefersvtovthevcombinedvaccuracy,vvalidity,vandvconsistencyvofvdatavstoredvandvusedvove
rvtime?
a. Datavintegrity
b. Datavoverload
c. Datavvalue
d. Informationvvalue

10. (LOv1.3)vAvspecialistvwhovknowsvhowvtovworkvwith,vmanipulate,vandvstatisticallyvtestvdatavisva
a. decisionvmaker.
b. datavscientist.
c. datavanalyst.
d. decisionvscientist.

11. (LOv1.4)vWhichvtypevofvanalystsvpredictsvthevamountvofvmoneyvthatvavcompanyvwillvreceivevfromvitsvcustomersvt
ovhelpvmanagementvevaluatevfuturevinvestmentsvbasedvonvexpectedvinvestmentvperformance,vsuchvasvinvestme
ntsvinvequipmentvorvemployeevtraining?
a. Marketingvanalyst
b. Operationsvanalyst
c. Financialvanalyst
d. Accountingvanalyst

12. (LOv1.4)vWhichvtypevofvanalystvaddressesvquestionsvregardingvtaxvandvauditing?
a. Marketingvanalyst
b. Operationsvanalyst
c. Financialvanalyst
d. Accountingvanalyst

13. (LOv1.5)vSupposevavcompanyvhasvtimelyvproductvreviewsvthatvarevavailablevwhenvneeded,vbutvthevreviewsvar
evbiased.vThesevproductvreviewsvarevwhichvtypevofvdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©vMcGrawvHillvLLC.vAllvrightsvreserved.vNovreproductionvorvdistributionvwithoutvthevpriorvwrittenvconsentvofvMcGrawvHillvLLC.



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