1. Three developments spurred explosive growth in the use of analytical methods in business applications. They are:
   1. Technique advances, improved hiring practices, decreased computer prices
   2. Technological advances, methodological advances, decreased computer prices
   3. Technological advances, methodological advances, explosion in computing power and storage capability.
   4. Theoretical advances, improved hiring practices, increased computer prices

2. Business analytics is defined as:
   1. Scientific process of transforming data into insights for making better decisions
   2. Systematic process of transforming data into insights for making better decisions
   3. Semi-structured process of transforming data into insights for making better decisions
   4. Semantic process of transcribing data into insights for making better decisions

3. Which type of analysis is not one of the business analytics examples we discussed yesterday?
   1. Descriptive Analytics
   2. Predictive Analytics
   3. Prescriptive Analytics
   4. Restrictive Analytics

4. Big Data is defined as:
   1. A set of data that cannot be managed, processed, or accessed with commonly available software in a reasonable amount of time
   2. A set of data that cannot be managed, processed, or analyzed with commonly available software in a reasonable amount of time
   3. A set of data that cannot be purchased, managed, or processed with commonly available software in a reasonable amount of time
   4. A set of data that cannot be purchased or customized with commonly available software in a specific amount of time

5. What are the 3 types of decision-making processes managers make to guide business vision and performance? Select all that apply:

-Strategic

-Tactical

-Operational

-Analytical

6. For 1 extra credit point, include a screenshot of the top right-hand corner of your Excel app. It should look like this: