1. Which of the following terms was specifically referred to as a set of processes and

technologies that convert data into meaningful and useful information for business

purposes?

1. All of the above
2. Business intelligence
3. Business analytics
4. Analytics

2. Which of the following refers to the mining effort of questioning and finding answers to

pull up useful information in business analytic analysis?

1. Simulation analysis
2. SAS
3. Query drilldown
4. All of the above

3. Which of the following are examples of operations research methods used in business

analytics?

1. Mean, median, mode
2. Normal distributions
3. Graphs and charts
4. All of the above

4. Which of the following are examples of operations research methods used in business

analytics?

1. Hypothesis testing
2. Multiple regression
3. All of the above
4. Confidence intervals

5. Which of the following consists of a group of people with skills to achieve a common purpose?

a) Project

b) Team

c) Program

d) All of the above

6. When looking at the hierarchal relationships of programs, projects and team planning, middle

management tends to establish which of the following?

a) Programs

b) Project planning groups

c) Project teams

d) All of the above

7. Which of the following are reasons why business analytic initiatives fail?

A) Lack of leadership in business analytic groupings

b) All of the above

c) Lack of collaboration across all organizational groups

d) Lack of support

8.. Which of the following types of charts can overlay more than one variable at a time, or ideal for

contrasting two variables and can also make a 3D effect?

a) area

b) bar

c) All of the above

d) Column

9. Which of the following types of charts can be horizontal, vertical, cone, or cyclically shaped, permitting multi-dimensional with overlaying variables and are ideal for showing comparative improvement over time?

a) line

b) area

c) bar

d) All of the above

10. Which of the following types of charts for showing linear trend and other linear or nonlinear

appearance?

a)All of the above

b) Histogram

c) Pie

d) Scatter

11. Which of the following sampling methods allows each sample element in a population to have an equal chance of selection?

a) Systematic random

b) All of the above

c) Simple random

d) Stratified random

12. Which of the following is a visual aid that permits a user to hypothesize relationships between potential causes of an outcome?

a) Cause-and-effect diagram

b) Influence diagram

c) Data-driven diagram

d) All of the above

13. Which of the following are data-driven models useful in the predictive step of the business analytics procedure?

a) Probability distributions

b) All of the above

c) Simulation

d) Predictive modeling and analysis

14. In the book it has been suggested that "associations" information can be obtained through data mining using which of the following data mining methodologies?

a) Correlation analysis

b) Neural networks

c) All of the above

d) Association rules

15. Which of the following is a general-purpose modeling methodology applied to multi-constrained, multivariable problems where an optimal solution is sought?

a) Linear programming

b) Nonlinear optimization

c) Integer programming

d) All of the above

16. Which of the following is a methodology that can be used in prescriptive analysis in situations where parameters are probabilistic, nonlinear or just too complex to use with other optimizations models that require deterministic or linear behavior?

a) Decision analysis

b) Case studies

c) Simulation

d) All of the above

17. Software applications like SAS have "curve fitting" capabilities. Which of the following curve fitting models have been illustrated in the SAS printouts?

a) Linear

b) Inverse

c) All of the above

18. A series of MAD statistics have been generated from forecasting models. Which of the following MAD statistics reveals the least error?

a) 289

b) 0.392

c) 129

d) 235