EBTM 350 MIDTERM EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
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Course
EBTM 350
Institution
EBTM 350
EBTM 350 MIDTERM EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
Which of the following is not a challenge faced by organizations that want to develop analytics capabilities?
understanding benefits versus perceived costs of analytics studies
What does business analytics...
Which of the following is the first phase in problem solving?
recognizing the problem
The complexity of a problem increases when the problem belongs to an individual rather than a group.
False
n the accompanying spreadsheet, there is data on the price, cost, demand, and quantity produced for
an item. There are also different "what if" values that can help a manager to calculate costs and
revenue with variability in demand. Which of the following is the Excel formula to determine the
number of units sold?
equals=MIN(B8,B9)
Using the accompanying chart, how many gallons will be sold if the price is increased to $4.75?
843
To select a chart type in Excel from the Charts group, which tab has to be accessed?
Insert Tab
Changes to the type of chart, data included in the chart, and chart layout and styles can be made from
the Layout tab.
False
, Which of the following charts provides a useful means for displaying data over time?
Line Chart
Philip wishes to understand the relative proportion of each data source to the total. Which of the
following charts must Philip use?
Pie Chart
Observations consisting of pairs of variable data are required to construct which type of chart?
Scatter chart
Peige, a stock broker, has data consisting of price, price/earnings ratio, and market capitalization for
seven different stocks on one particular day. She wishes to plot these three variables in two
dimensions. Which of the following charts must Peige use?
Bubble chart
Which of the following charts allows plotting of multiple dimensions of several data series?
Radar chart
To select data bars in Excel from the Home tab, which command would have to be accessed?
Conditional Formatting under Styles group
Color Scales are one of the options under Conditional Formatting.
True
What is the color-coding of quantitative data commonly called?
Heatmap
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