Question 1

___________ is used in the data management stage of the business analytics process to clean the data prior to entry in the data warehouse.

Accepted Answer

A)   DLAP
B)   DSS
C)   ETL
D)   No SQLE) None of the above
F) A) and B)

Question 2

Vendors use Excel so that users can work with a tool that is familiar to them while still being able to run business analyses in the background.

Accepted Answer

A) True 
 B)False  True

Question 3

Simpa Networks used DataKind's to become "smarter" in selecting _________.

Accepted Answer

A)   Customers
B)   Partners
C)   Regulators
D)   SuppliersE) All of the above
F) A) and B) A

Question 4

Business analytics applications typically provide users with a view of ___________; data mining helps to explain ____________.

Accepted Answer

A)   how it has been collected; where data has been collected
B)   what has happened; why it is happening
C)   where data has been collected; how it has been collected
D)   why it is happening; what has happenedE) A) and B)
F) A) and C)

Question 5

You are looking to buy a new car, but you are on a tight budget. You assume you will get an interest rate of 4%. You would use the ____________ analysis to predict how much you can spend on a car if the interest rate is actually higher.

Accepted Answer

A)   Assumption
B)   Goal-seeking
C)   Sensitivity
D)   What-ifE) None of the above
F) B) and D)

Question 6

__________ is the most popular business analytics tool.

Accepted Answer

A)   Data mining
B)   Excel
C)   OLAP
D)   OLTPE) A) and C)
F) A) and B)

Question 7

Data mining can be used to predict what will happen in the future.

Accepted Answer

A) True 
 B)False

Question 8

The analytics revolution in professional sports began in _________.

Accepted Answer

A)   Baseball
B)   Basketball
C)   Football
D)   TennisE) B) and C)
F) A) and B)

Question 9

______________ analytics are the first step in data reduction.

Accepted Answer

A)   Delineative
B)   Descriptive
C)   Predictive
D)   PrescriptiveE) A) and B)
F) A) and C)

Question 10

Twiddy & Company implemented _________; this system ___________.

Accepted Answer

A)   ERP; can analyze data on trends, provide property information, and suggest optimal prices
B)   ERP; tells homeowners when their homes are available to rent and helps them find available renters
C)   SAS; can analyze data on trends, provide property information, and suggest optimal prices
D)   SAS; tells homeowners when their homes are available to rent and helps them find available rentersE) B) and D)
F) A) and B)

Question 11

Consider the ways data mining is used in real businesses and how these impact your life. For four industries, discuss how data mining has changed your life. Think about which industry you would like to pursue in a future career; how do you think data mining will impact your job?

Accepted Answer

Data mining is used in a variety of ways...

Question 12

3M is an example of a company that ____________.

Accepted Answer

A)   Developed one or a few related analytics applications
B)   Developed an infrastructure to support enterprisewide analytics
C)   Hasn't had to use business analytics
D)   Uses business analytics to support organizational transformationE) A) and B)
F) C) and D)

Question 13

The authors argue Business Analytics and Business Intelligence can be used interchangeably.

Accepted Answer

A) True 
 B)False

Question 14

Excel is the least popular business analytics tool because vendors prefer to use their own customized products.

Accepted Answer

A) True 
 B)False

Question 15

Darden Restaurants' Check-Level Analytics system __________ and ultimately _______.

Accepted Answer

A)   Automates the process of calling restaurant managers; increased the company's market share
B)   Automates the process of calling restaurant managers; saved the company at least $20 million
C)   Collects information about patrons from the time they arrive until they settle the bill; increased the company's market share
D)   Collects information about patrons from the time they arrive until they settle the bill; saved the company at least $20 millionE) None of the above
F) A) and B)

Question 16

Esurance frequently uses the business practice of ___________ to get customers to add towing to their policies.

Accepted Answer

A)   Bundling
B)   Cross-selling
C)   Grouping
D)   UpsellingE) C) and D)
F) All of the above

Question 17

Your company's yearly employee evaluations and raises are an example of a _______ decision.

Accepted Answer

A)   Mixed
B)   Semistructured
C)   Structured
D)   UnstructuredE) A) and C)
F) A) and D)

Question 18

In the "C" phase of the IDC, the decision-maker is involved in ___________.

Accepted Answer

A)   Celebrating success
B)   Examination
C)   Validation of the model
D)   Verification and testing of the proposed solutionE) A) and B)
F) All of the above D

Question 19

Esurance is 100% online with no customer service representatives.

Accepted Answer

A) True 
 B)False

Question 20

____________ decide(s)  what data should be stored in the organization's data warehouse to be used for business analytics.

Accepted Answer

A)   Database administrators
B)   IT managers
C)   The CEO
D)   The user communityE) None of the above
F) All of the above

Exam 5: Business Analytics

___________ is used in the data management stage of the business analytics process to clean the data prior to entry in the data warehouse.

Correct AnswerverifiedShow Answer

Vendors use Excel so that users can work with a tool that is familiar to them while still being able to run business analyses in the background.

Correct AnswerverifiedTrue

Simpa Networks used DataKind's to become "smarter" in selecting _________.

Correct AnswerverifiedA

Business analytics applications typically provide users with a view of ___________; data mining helps to explain ____________.

Correct AnswerverifiedShow Answer

You are looking to buy a new car, but you are on a tight budget. You assume you will get an interest rate of 4%. You would use the ____________ analysis to predict how much you can spend on a car if the interest rate is actually higher.

Correct AnswerverifiedShow Answer

__________ is the most popular business analytics tool.

Correct AnswerverifiedShow Answer

Data mining can be used to predict what will happen in the future.

Correct AnswerverifiedShow Answer

The analytics revolution in professional sports began in _________.

Correct AnswerverifiedShow Answer

______________ analytics are the first step in data reduction.

Correct AnswerverifiedShow Answer

Twiddy & Company implemented _________; this system ___________.

Correct AnswerverifiedShow Answer

Consider the ways data mining is used in real businesses and how these impact your life. For four industries, discuss how data mining has changed your life. Think about which industry you would like to pursue in a future career; how do you think data mining will impact your job?

Correct AnswerAnswered by ExamLex AIData mining is used in a variety of ways...View AnswerShow Answer

3M is an example of a company that ____________.

Correct AnswerverifiedShow Answer

The authors argue Business Analytics and Business Intelligence can be used interchangeably.

Correct AnswerverifiedShow Answer

Excel is the least popular business analytics tool because vendors prefer to use their own customized products.

Correct AnswerverifiedShow Answer

Darden Restaurants' Check-Level Analytics system __________ and ultimately _______.

Correct AnswerverifiedShow Answer

Esurance frequently uses the business practice of ___________ to get customers to add towing to their policies.

Correct AnswerverifiedShow Answer

Your company's yearly employee evaluations and raises are an example of a _______ decision.

Correct AnswerverifiedShow Answer

In the "C" phase of the IDC, the decision-maker is involved in ___________.

Correct AnswerverifiedD

Esurance is 100% online with no customer service representatives.

Correct AnswerverifiedShow Answer

____________ decide(s) what data should be stored in the organization's data warehouse to be used for business analytics.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified
A

Business analytics applications typically provide users with a view of _; data mining helps to explain __.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Twiddy & Company implemented _; this system ___.

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Data mining is used in a variety of ways...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Darden Restaurants' Check-Level Analytics system ____ and ultimately _.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified