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