MSIS 3223 Exam 1 Questions and Answers 100% Verified
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Course
MSIS 3223
Institution
MSIS 3223
MSIS 3223 Exam 1 Questions and Answers 100% VerifiedMSIS 3223 Exam 1 Questions and Answers 100% VerifiedMSIS 3223 Exam 1 Questions and Answers 100% VerifiedDescriptive analytics detect hidden patterns in large quantities of data to group into sets to predict behavior. - ANSWER-False
A manager at...
MSIS 3223 Exam 1 Questions and
Answers 100% Verified
Descriptive analytics detect hidden patterns in large quantities of data to group into sets
to predict behavior. - ANSWER-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 fo this task. - ANSWER-
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs - ANSWER-True
Analyzing the problems is the first phase in decision making. - ANSWER-False
Product mix is determined by top managers. - ANSWER-True
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty - ANSWER-True
The demand for professionals with analytics expertise has skyrocketed. - ANSWER-
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - ANSWER-True
Statistics has a long and 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. - ANSWER-True
Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options. - ANSWER-True
AND(condition 1, condition2..) is a logical function that returns TRUE if all conditions are
true and FALSE if not. - ANSWER-True
The Pareto principle is often called the "80-20 rule" - ANSWER-True
The filter tool extracts records meeting the specified criteria, deleting any records that
don't match the criteria. - ANSWER-False
Three useful logical functions in business analytics applications are IF, AND, and OR
followed by conditions in parentheses. - ANSWER-True
, Form controls are buttons, boxes, and other mechanisms for inputting or changing data
on spreadsheets easily and used to design user-friendly spreadsheets. - ANSWER-True
PivotTables may be used to facilitate data visualization and statistical analysis of data
sets. - ANSWER-True
Excel has a tool called 'dicers' for drilling down data in a PivotTable to display as a
subset of that data. - ANSWER-False
A database is a collection of related files (tables) containing records on people, places,
or things. - ANSWER-True
Empirical data is data that comes from an organization's daily operations. - ANSWER-
False
A data set is simply a collection of data - ANSWER-False
Dashboards may include tabular as well as visual data to help a manager to quickly
locate key information - ANSWER-True
Excel distinguishes between vertical and horizontal bar charts, calling the former
column charts and the latter bar charts. - ANSWER-True
Line charts provide a useful means for displaying data over time - ANSWER-True
A bubble chart is a type of scatter chart that provides a way to plot three variables in two
dimensions - ANSWER-True
Color scales shade scales based on their numerical value using a color palette. This is
an option in the Conditional Formatting menu - ANSWER-True
Data Visualization is the process of displaying data in a meaningful fashion to provide
insights that will support better decisions - ANSWER-True
An area chart combines the features of bubble charts with those of line charts -
ANSWER-False
Radar charts show multiple metrics on a spider web - ANSWER-True
Data bars display colored bars that are scaled to the magnitude of the data values
(similar to the bar chart) but placed directly within the cells of range. - ANSWER-True
icon sets provide similar information as color scales, but use text instead of color. -
ANSWER-False
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