Business Analytics Data Analysis and Decision Making 6th Edition Albright – Test Bank
ISBN-10: 1305947541, ISBN-13: 9781305947542
1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the following?
|
a. |
optimization techniques |
b. |
decision analysis with uncertainty |
|
c. |
structured sensitivity analysis |
d. |
all of these choices |
| ANSWER: |
d |
| POINTS: |
1 |
| DIFFICULTY: |
Easy | Bloom’s: Knowledge |
| TOPICS: |
A-Head: 1-2 Overview of the Book |
| OTHER: |
BUSPROG: Analytic | DISC: Decision Making |
|
2. Which statement is not true?
|
a. |
Dealing with uncertainty includes measuring uncertainty. |
|
b. |
Dealing with uncertainty includes modeling uncertainty explicitly into the analysis. |
|
c. |
Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution. |
|
d. |
Dealing with uncertainty requires a basic understanding of probability. |
| ANSWER: |
c |
| POINTS: |
1 |
| DIFFICULTY: |
Easy | Bloom’s: Knowledge |
| TOPICS: |
A-Head: 1.2 Overview of the Book |
| OTHER: |
BUSPROG: Analytic | DISC: Decision Making |
|
3. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text?
|
a. |
data analysis |
b. |
dealing with uncertainty |
|
c. |
decision making |
d. |
data mining |
| ANSWER: |
d |
| POINTS: |
1 |
| DIFFICULTY: |
Easy | Bloom’s: Knowledge |
| TOPICS: |
A-Head: 1.2 Overview of the Book |
| OTHER: |
BUSPROG: Analytic | DISC: Decision Making |
|
4. Data analysis includes:
|
a. |
data description |
b. |
data inference |
|
c. |
the search for relationships in data |
d. |
all of these choices |
| ANSWER: |
d |
| POINTS: |
1 |
| DIFFICULTY: |
Easy | Bloom’s: Knowledge |
| TOPICS: |
A-Head: 1.2 Overview of the Book |
| OTHER: |
BUSPROG: Analytic | DISC: Decision Making |
|
5. Which of the following is not one of the steps in the modeling process?
|
a. |
Select the scale for the model. |
|
b. |
Collect and summarize data. |
|
c. |
Verify the model. |
|
d. |
Present the results. |
|
e. |
Implement the model and update it through time. |
| ANSWER: |
a |
| POINTS: |
1 |
| DIFFICULTY: |
Easy | Bloom’s: Comprehension |
| TOPICS: |
A-Head: 1.2 Overview of the Book |
| OTHER: |
BUSPROG: Analytic | DISC: Decision Making |
|
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