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Вопрос 1Ответ открыт бесплатно
Descriptive analytics:
1can predict risk and find relationships in data not readily apparent with traditional analyses.
2helps companies classify their customers into segments to develop specific marketing campaigns.✓ Правильный ответ
3helps detect hidden patterns in large quantities of data to group data into sets to predict behavior.
4can use mathematical techniques with optimization to make decisions that take into account the uncertainty in the data.
✓ Правильный ответ
helps companies classify their customers into segments to develop specific marketing campaigns.
Вопрос 2
A manager at Gampco Inc. wishes to know the company's revenue and profit in its previous quarter. Which of the following business analytics will help the manager?
1Prescriptive analytics
2Normative analytics
3Descriptive analytics
4Reductive analytics
Вопрос 3
Predictive analytics:
1Summarizes data into meaningful charts and reports that can be standardized or customized.
2Identifies the best alternatives to minimize or maximize an objective.
3Uses data to determine a course of action to be executed in a given situation.
4Detects patterns in historical data and extrapolates them forward in time.
Вопрос 4
A trader who wants to predict short-term movements in stock prices is likely to use … Analytics.
1Predictive
2Descriptive
3Normative
4Prescriptive
Вопрос 5
Which of the following questions will prescriptive analytics help a company address?
1How many and what types of complaints did they resolve?
2What is the best way of shipping goods from their factories to minimize costs?
3What do they expect to pay for fuel over the next several months?
4What will happen if demand falls by 10% or if supplier prices go up 5%?
Вопрос 6Ответ открыт бесплатно
The demand for coffee beans over a period of three months has been represented in the form of an L-shaped curve. Which form of model was used here?
1Mathematical model
2Visual model✓ Правильный ответ
3Kinesthetic (tactile) model
4Verbal model
✓ Правильный ответ
Visual model
Вопрос 7
Decision variables:
1Cannot be directly controlled by the decision maker.
2Are assumed to be constant.
3Are always uncertain.
4Can be selected at the discretion of the decision maker.
Вопрос 8
Identify the uncontrollable variable from the following inputs of a decision model.
1Investment returns
2Machine capacities
3Staffing levels
4Intercity distances
Вопрос 9
Which of the following inputs of a decision model is an example of data?
1Estimated consumer demand
2Inflation rates
3Costs
4Investment allocations
Вопрос 10Ответ открыт бесплатно
Descriptive decision models:
1Aim to predict what will happen in the future.
2Describe relationships but do not tell a manager what to do.✓ Правильный ответ
3Help analyze the risks associated with various decisions.
4Do not facilitate evaluation of different decisions.
✓ Правильный ответ
Describe relationships but do not tell a manager what to do.
Вопрос 11
Prescriptive decision models help:
1Make predictions of how demand is influenced by price.
2Make trade-offs between greater rewards and risks of potential losses.
3Decision makers identify the best solution to decision problems.
4Describe relationships and influence of various elements in the model.
Вопрос 12
The manager at Soul Walk Inc., a shoe manufacturing company, wants to set a new price (P) for a shoe model to maximize total profit. The demand (D) as a function of price is represented as:
D = 1,500 - 2.5P. The total cost (C) as a function of demand is represented as: C = 3,200 + 3.5D
Which of the following is a model for total profit as a function of price?
1a structured collection of related files and data✓ Правильный ответ
2simply a collection of data
3a data file holding a single file
4flat files used to store data
✓ Правильный ответ
a structured collection of related files and data
Вопрос 14
In a database, information is stored and maintained in .
1Fields
2Measurements
3Entities
4Attributes
Вопрос 15
The sort buttons in Excel can be found under:
1The Data tab in the Sort & Filter group.
2The Home tab in the Styles group.
3The Insert tab in the Sort group.
4The Sort tab in the Filter group.
Вопрос 16Ответ открыт бесплатно
… is a logical function that returns one value if the condition is true and another if the condition is false.
1OR (condition 1, condition 2…)
2AND (condition 1, condition 2…)
3TO (value if true, value if false)
4IF (condition, value if true, value if false)✓ Правильный ответ
✓ Правильный ответ
IF (condition, value if true, value if false)
Вопрос 17
Which of the following functions is a logical function that returns TRUE if any condition is true and FALSE if not?
1TO (value if true, value if false)
2AND (condition 1, condition 2…)
3OR (condition 1, condition 2…)
4IF (condition, value if true, value if false)
Вопрос 18
Give the logical function for the following: If cell B7 equals 12, check contents of cell B10. If cell B10 is 10, then the value of the function in the string is YES; if not, it is a blank space. If cell B7 does not equal 12, then the value of the function is 7.
1=IF(B7=12,(AND(B10=10, "")(YES)),7)
2=IF(B10=10,(OR(B7=12,"")"YES")7)
3=IF(B7=12,(IF(B10=10,"YES", "")),7)
4=IF(B7=12,(AND(B10=10,"YES","")(B10="NO"),7)
Вопрос 19
If cell G7 contains the function …, it states that if the value in cell C3 is 9, the number 7 will be assigned to cell G7; if the value in cell C3 is not 9, the number 4 will be assigned to cell G7.
1=IF(G7=9)(G7=7)=OR(G7=4)
2=IF(G7=7)=THEN(C3=9)=OR(C3=4)
3=IF(C3=9)(C3=7)=OR(C3=4)
4=IF(C3=9,7,4)
Вопрос 20Ответ открыт бесплатно
The function … returns a value or reference of the cell at the intersection of a particular row and column in a given range.
In a MATCH function, if the match_type = 0, then … .
1The function finds the largest value that is less than or equal to lookup_value
2The function finds the smallest value that is greater than or equal to lookup_value
3MATCH finds the first value that is exactly equal to lookup_value
4The values in the lookup_array must be in a particular order
Вопрос 23Ответ открыт бесплатно
For which of the following MATCH functions must the values in the lookup_array be ordered in a descending order?
1When match_type = -1✓ Правильный ответ
2When match_type >1
3When match_type = 0
4When match_type = 1
✓ Правильный ответ
When match_type = -1
Вопрос 24
To select a chart type in Excel from the Charts group, which tab has to be accessed?
1Design tab
2Layout tab
3Insert tab
4Format tab
Вопрос 25
Roger wants to compare values across categories using vertical rectangles. Which of the following charts must Roger use?
1Line chart
2Clustered column chart
3Pie chart
4Stacked column chart
Вопрос 26Ответ открыт бесплатно
Which of the following charts provides a useful means for displaying data over time?
1Scatter chart
2A doughnut chart
3Pie chart
4Line chart✓ Правильный ответ
✓ Правильный ответ
Line chart
Вопрос 27
Philip wishes to understand the relative proportion of each data source to the total. Which of the following charts must Philip use?
1Pie chart
2Bar chart
3Scatter chart
4Column chart
Вопрос 28
Observations consisting of pairs of variable data are required to construct a … chart.
1doughnut
2scatter
3radar
4line
Вопрос 29
Which of the following charts shows three-dimensional data?
1Surface chart
2Column chart
3Stock chart
4Doughnut chart
Вопрос 30Ответ открыт бесплатно
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?
1Stock chart
2Surface chart
3Bubble chart✓ Правильный ответ
4Line chart
✓ Правильный ответ
Bubble chart
Вопрос 31
Which of the following charts allows plotting of multiple dimensions of several data series?
1Doughnut chart
2Bubble chart
3Radar chart
4Area chart
Вопрос 32
After choosing the PivotTable, the PivotChart can be found on the … tab.
1Design
2View
3Analyze
4Layout
Вопрос 33Ответ открыт бесплатно
How many types of Spark lines are available?
12
23✓ Правильный ответ
34
45
✓ Правильный ответ
3
Вопрос 34
Which of the following is an example of a measure of continuous metrics?
1Four errors revealed in an invoice
2A delivery delayed by seven days
3Weight and volume of a sheet of steel
4Three incomplete orders on a day
Вопрос 35
Nominal data:
1Are ranked according to some relationship to one another.
2Have constant differences between observations.
3Are continuous and have a natural zero.
4Are sorted into categories according to specified characteristics.
Вопрос 36
Which of the following is a disadvantage of ordinal data?
1They bear no relationship to one another.
2They have no fixed units of measurement.
3They have no natural zero.
4They are not comparable with each other.
Вопрос 37Ответ открыт бесплатно
Which of the following allow meaningful comparison of ranges, averages and other statistics?
1Interval data✓ Правильный ответ
2Categorical data
3Ratio data
4Ordinal data
✓ Правильный ответ
Interval data
Вопрос 38
Following are the components of a data set containing purchase details of a shoe manufacturing company. Identify the ratio data.
1Item Number
2Rank of suppliers
3Item cost
4Arrival date
Вопрос 39
When data are classified by the type of measurement scale, which is the strongest form of measurement?
1nominal
2interval
3ordinal
4ratio
Вопрос 40Ответ открыт бесплатно
To construct a frequency distribution for categorical data, the
1Observations that appear in each category must be summed up.
2Number of observations that appear in each category must be counted.✓ Правильный ответ
3Observations in each category must be multiplied by observations in the corresponding category.
4Number of observations in each category must be divided by the total number of observations in all categories.
✓ Правильный ответ
Number of observations that appear in each category must be counted.
Вопрос 41
If a data set has 'c' number of observations, the relative frequency of category 'l' is computed as … .
1(frequency of category 'l') / 'c'
2'c' × (number of observations in category 'l')
3(sum of all observations in category 'l') / 'c'
4sum of ('c' + each observation in category ‘l')
Вопрос 42
Which of the following is true of an unbiased estimator value?
1The expected value will align perfectly with the population mean.
2The expected value will not equal the population's parameters.
3The expected value will not be greater than zero.
4The expected value will equal the population's parameter.
Вопрос 43Ответ открыт бесплатно
Which of the following probabilities gives the confidence coefficient?
1P (rejecting H0 | H0 is true)
2P (not rejecting H0 | H0 is false)
3P (rejecting H0 | H0 is false)
4P (not rejecting H0 | H0 is true)✓ Правильный ответ
✓ Правильный ответ
P (not rejecting H0 | H0 is true)
Вопрос 44
Identify the power of the test from the following probabilities.
1P (rejecting H0 | H0 is true)
2P (not rejecting H0 | H0 is false)
3P (rejecting H0 | H0 is false)
4P (not rejecting H0 | H0 is true)
Вопрос 45
In a linear relationship, which of the following accounts for the many possible values of the dependent variable that vary around the mean?
1The coefficient of the dependent variable X
2The value of the intercept ß0
3The random error term ε
4The standard error SYX
Вопрос 46
Which of the following is true about the classical definition of probability?
1It is based on judgment and experience.
2If the process that generates the outcomes is known, probabilities can be deduced from theoretical arguments.
3The probability that an outcome will occur is simply the relative frequency associated with that outcome.
4It is based on observed data.
Вопрос 47Ответ открыт бесплатно
John and Mike were offered mints. What is the probability that at least John or Mike would respond favorably? (Hint: Use the classical definition).
11/8
2½
3¾✓ Правильный ответ
43/8
✓ Правильный ответ
¾
Вопрос 48
Consider an event X comprised of three outcomes whose probabilities are 9/18, 1/18, and 6/18. Compute the probability of the complement of the event.
12/18
2½
316/3
416/18
Вопрос 49
What is the probability that either event X or Y occurs?
Use the data given below to answer the following question(s).
In an event X, the probability of rolling a sum of 8 on two dice is 5/36 while the probability of rolling an 11 is 2/36 . In another event Y, the probability of rolling a 2 is 1/36, the probability of rolling a 9 is 4/36 , and the probability of rolling a 4 is 3/36 .
18/36
215/36
37/36
41/36
Вопрос 50Ответ открыт бесплатно
What is probability that neither X nor Y will occur?
129/26
21/36
328/36
421/36✓ Правильный ответ
✓ Правильный ответ
21/36
Вопрос 51
Consider an event Z that includes all outcomes of rolling two dice whose sum is odd. What is the probability that either event Y or Z occurs?
126/36
222/36
310/36
418/36
Вопрос 52
Which of the following computes the probability of an event P given that event Q is known to have occurred?
1P(P|Q) = P(P and Q) / P(Q)
2P(Q|P) = P(Q) - P(P)
3P(P|Q) = P(Q) - P(P or Q)
4P(Q|P) = P(P or Q) - P(Q)
Вопрос 53Ответ открыт бесплатно
What is the probability that a respondent is male and prefers Arts?
Use the data given below to answer the following question(s).
15 students were asked to choose between the broad categories of Arts, Science, and Math as their preferred area of study.
Respondent
Gender
Preference
1
Female
Arts
2
Male
Science
3
Male
Math
4
Female
Arts
5
Female
Math
6
Male
Science
7
Male
Math
8
Male
Math
9
Female
Arts
10
Male
Arts
11
Male
Science
12
Female
Science
13
Female
Math
14
Male
Arts
15
Female
Arts
18/15
210/15
32/15✓ Правильный ответ
46/15
✓ Правильный ответ
2/15
Вопрос 54
What is the probability that a respondent prefers Science given that the respondent is female?
11/15
21/7
37/15
44/7
Вопрос 55
Use the multiplication law of probability to compute the probability that the respondent is male and prefers Math.
18/75
23/8
33/225
43/15
Вопрос 56
Which of the following will hold true if events X and Y are independent?
1P(X) = P(Y) × P(X and Y)
2P(Y) = P(X|Y)
3P(X and Y) = [P(X) + P(Y)] - P(X or Y)
4P(X) = P(X|Y)
Вопрос 57Ответ открыт бесплатно
A … is a description of the approach that is used to obtain samples from a population prior to any data collection activity.
1Population frame
2Sampling weight
3Sampling plan✓ Правильный ответ
4Probability interval
✓ Правильный ответ
Sampling plan
Вопрос 58
Which of the following is true of judgment sampling?
1It selects samples based on expert opinion.
2It selects samples based on ease of data collection.
3It selects samples based on random procedures.
4It selects samples based on full representation of all subsets in a population.
Вопрос 59
Which of the following types of sampling involves using random procedures to select a sample?
1Judgment sampling
2Probabilistic sampling
3Subjective sampling
4Convenience sampling
Вопрос 60Ответ открыт бесплатно
… Involves selecting items from a population so that every subset of a given size has an equal chance of being selected.
1Convenience sampling
2Subjective sampling
3Judgment sampling
4Simple random sampling✓ Правильный ответ
✓ Правильный ответ
Simple random sampling
Вопрос 61
Which of the following sampling methods bases its selection of samples on the ease of data collection?
1Probabilistic sampling
2Judgment sampling
3Simple random sampling
4Convenience sampling
Вопрос 62
Which of the following describes periodic sampling?
1It is a sampling method based solely on expert opinion.
2It is a sampling method based on selecting a time and then sampling the products after that time.
3It is a sampling method based on selecting every nth item from a population.
4It is a sampling method exclusively used for population that is divided into subsets.
Вопрос 63
… sampling applies to populations that are divided into natural subsets and allocates the appropriate proportion of samples to each subset.
1Systematic
2Stratified
3Cluster
4Continuous process
Вопрос 64Ответ открыт бесплатно
… is based on dividing a population into subgroups, sampling a set of subgroups, and conducting a complete census within the subgroups sampled.
1Cluster sampling✓ Правильный ответ
2Continuous process sampling
3Judgment sampling
4Systematic sampling
✓ Правильный ответ
Cluster sampling
Вопрос 65
In sampling, … involves assessing the value of an unknown population parameter– such as a population mean, population proportion, or population variance–using sample data.
1Distribution
2Randomization
3Estimation
4Substitution
Вопрос 66
From the standard deviation formula ∑(s–s̅)2 / n-1, identify the estimator formula
1s2
2σ2
3s
Вопрос 67Ответ открыт бесплатно
A(n) …is a single number derived from sample data that is used to estimate the value of a population parameter.
1Confidence interval
2Frequentist interference
3Interval estimate
4Point estimate✓ Правильный ответ
✓ Правильный ответ
Point estimate
Вопрос 68
For which of the following is the value of the estimator said to be biased?
1If the expected value of the estimator does not equal the population parameter
2If the expected value of the estimator equals the population parameter
3Only if the expected value of the estimator is zero
4Only if the expected value of the estimator goes below zero
Вопрос 69
Which of the following propositions describes an existing theory or belief?
1Standard deviation
2Null hypothesis
3Proportion
4Alternative hypothesis
Вопрос 70Ответ открыт бесплатно
Which of the following is the initial step in conducting a hypothesis test?
1Collecting data and calculating a test statistic
2Selecting a level of significance
3Identifying the population parameter of interest✓ Правильный ответ
4Determining a decision rule
✓ Правильный ответ
Identifying the population parameter of interest
Вопрос 71
Which of the following is a valid one-sample hypothesis test?
1H0: population parameter ≠ constant vs. H1: population parameter = constant
2H0: population parameter > constant vs. H1: population parameter ≤ constant
3H0: population parameter < coxnstant vs. H1: population parameter ≥ constant
4H0: population parameter = constant vs. H1: population parameter ≠ constant
Вопрос 72
A manufacturer wishes to determine if the average profit from the sale of his product exceeds $6,710. Which of the following is the appropriate hypothesis test?
1H0: population means profit from sale > $6,710 vs. H1: population mean profit from sale ≤ $6,710
2H0: population means profit from sale ≤ $6,710 vs. H1: population mean profit from sale > $6,710
3H0: population means profit from sale < $6,710 vs. H1: population mean profit from sale ≥ $6,710
4H0: population means profit from sale ≥ $6,710 vs. H1: population mean profit from sale < $6,710
Вопрос 73
Which of the following is true about determining the proper form of the hypotheses?
1H0 is statistically proved true while testing
2failure to reject H0 proves H1 wrong
3H0 is always assumed to be true in testing
4H1 is always assumed to be true in testing
Вопрос 74Ответ открыт бесплатно
Which of the following is a Type I error?
1The null hypothesis is actually true, and the hypothesis test correctly fails to reject it
2The null hypothesis is actually false, but the test incorrectly fails to reject it
3The null hypothesis is actually false, and the test correctly rejects it
4The null hypothesis is actually true, but the hypothesis test incorrectly rejects it✓ Правильный ответ
✓ Правильный ответ
The null hypothesis is actually true, but the hypothesis test incorrectly rejects it
Вопрос 75
Robin Inc. feared that the average company loss is running beyond $34,000. It initially conducted a hypothesis test on a sample extracted from its database. The hypothesis was formulated as H0: average company loss $34,000 vs. H1: average company loss > $34,000. The test resulted in favor of Robin Inc.'s loss not exceeding $34,000. Detailed study of company accounts later revealed that the average company loss had run up to $37,896. Which of the following errors were made during the hypothesis test?
1Type III error
2Type II error
3Type I error
4Type IV error
Вопрос 76
Type II error occurs when the test:
1Correctly fails to reject an actually true null hypothesis.
2Incorrectly fails to reject an actually false null hypothesis.
3Correctly rejects an actually false null hypothesis.
4Incorrectly rejects an actually true null hypothesis.
Вопрос 77Ответ открыт бесплатно
Level of significance is the probability of:
1Incorrectly rejecting an actually true null hypothesis.✓ Правильный ответ
2Correctly failing to reject an actually true null hypothesis.
3Incorrectly failing to reject an actually false null hypothesis.
4Correctly rejecting an actually false null hypothesis.
✓ Правильный ответ
Incorrectly rejecting an actually true null hypothesis.
Вопрос 78
The confidence coefficient is denoted by:
1α
21 - β
3β
41 - α
Вопрос 79
What is the confidence coefficient when the level of significance is 0.03?
10.9700
20.0376
30.7924
40.7776
Вопрос 80Ответ открыт бесплатно
Which of the following denotes the power of the test?
1α
21 - β✓ Правильный ответ
3β
41 - α
✓ Правильный ответ
1 - β
Вопрос 81
A regression model that involves a single independent variable is called .
1Single regression
2Unit regression
3Simple regression
4Individual regression
Вопрос 82
Regression models of … data focus on predicting the future.
1missing
2time-series
3panel
4cross-sectional
Вопрос 83
What is the relationship between the age of the furniture and their values?
The following table exhibits the age of antique furniture and the corresponding prices. Use the table to answer the following question(s). (Hint: Use scatter diagram and the Excel Trendline tool where necessary).
Number of years
Value ($)
78
930
91
1010
83
970
159
1950
134
1610
210
2880
88
980
178
2010
124
1370
72
900
1Nonlinear
2Linear
3Curvilinear
4No relationship
Вопрос 84Ответ открыт бесплатно
Which of the following is true of linear functions used in predictive analytical models?
1It is used when the rate of change in a variable decreases or increases quickly and then levels out.
2It is used when there is a steady decrease or increase over a range of a variable.✓ Правильный ответ
3It is used when there is increase at a specific rate.
4It is used when there is a rise or fall at a constantly increasing rate.
✓ Правильный ответ
It is used when there is a steady decrease or increase over a range of a variable.
Вопрос 85
… are mathematical functions used in predictive analytical models which define phenomena that increase at a specific rate, and is represented by the formula y = axb
1Exponential functions
2Power functions
3Polynomial functions
4Logarithmic functions
Вопрос 86
Which of the following mathematical functions, used in predictive analytical models, is represented by the formula y = ax3 + bx2 + cx + d?
1Exponential functions
2Power functions
3Logarithmic functions
4Polynomial functions
Вопрос 87Ответ открыт бесплатно
In … functions, represented by y = abx, y rises or falls at constantly increasing rates.
1logarithmic
2power
3exponential✓ Правильный ответ
4polynomial
✓ Правильный ответ
exponential
Вопрос 88
In Excel's Trendline tool, the value of the … gives the measure of fit of the line to the data.
1linear function
2R-squared
3moving average
4set intercept
Вопрос 89
Which of the following is true of the R-squared (R2) value in Excel's Trendline function?
1A value of 1.0 for R2 indicates maximum deviation of the data from the line.
2If the value of R2 is above 1.0, the line will be at a perfect fit for the data.
3The value of R2 will always be between -1 and 1.
4As the value of R2 gets higher, the line will be a better fit for the data.
Вопрос 90
Which of the following equations correctly expresses the relationship between the two variables?
1Value = (-181.16) + 13.493 × Number of years
2Number of years = Value / 12.537
3Value = (459.34 / Number of years) × 4.536
4Number of years = (17.538 × Value) / (-157.49)
Вопрос 91Ответ открыт бесплатно
What is the expected value for a 90 year-old piece of furniture?
1$1002.45
2$997.98
3$934.56
4$1033.21✓ Правильный ответ
✓ Правильный ответ
$1033.21
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