MSIS 3223 Final Exam Okstate(2024 Questions & Answers 100% Correct!!
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Course
MSIS 3223
Institution
MSIS 3223
Building spreadsheet models, often called _____________, is part art and part science - ANSWERSspreadsheet engineering
The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering
A. True
B. False - ANSWERSTrue
The Process of developing good, u...
MSIS 3223 Final Exam Okstate(2024
Questions & Answers 100% Correct!!
Building spreadsheet models, often called _____________, is part art and part science -
ANSWERSspreadsheet engineering
The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet
engineering
A. True
B. False - ANSWERSTrue
The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet
_________ - ANSWERSengineering
In predictive modeling, validity refers to how well a model represents reality.
A. True
B. False - ANSWERSA.
In predictive modeling, ______ refers to how well a model represents reality.
A. True
B. False - ANSWERSvalidity
Two-way data tables can evaluate only one output variable
A. True
B. False - ANSWERSA.
Two-way data tables can __________only one output variable - ANSWERSevaluate
, Models can capture every detail of a real problem
A. True
B. False - ANSWERSFalse
Verification is the process of ensuring that a model is accurate and free from logical errors
A. True
B. False - ANSWERSTrue
___________ is the process of ensuring that a model is accurate and free from logical errors -
ANSWERSVerification
A wide variety of practical problems in business analytics can be modeled using _____________ -
ANSWERSspreadsheets
__________________ is a visual representation of a descriptive model that shows how the elements of
the model influence or relate to others. - ANSWERSInfluence diagram
Adding more realism to a model reduces its complexity.
A. True
B. False - ANSWERSF.
Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more
precise the results.
A. True
B. False - ANSWERSA.
Monte Carlo simulation is essentially statistical sampling, the _________ the number of trials used, the
more precise the results - ANSWERSlarger
Uniform or triangular distributions are used in the absence of data.
A. True
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