Full TEST BANK FOR Data Analysis, Optimization, and Simulation Modeling, International Edition, 4th Edition CHAPTER 1: Introduction to Data Analysis and Decision Making MULTIPLE CHOICE 1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the following? a. Optimization techniques c. Structured sensitivity analysis b. Decision analysis with uncertainty d. All of these options ANS: D
PTS: 1
MSC: AACSB: Analytic
2. Which of the following statements 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. Uncertainty is a key aspect of most business problems, and dealing with uncertainty requires a basic understanding of probability ANS: C
PTS: 1
MSC: AACSB: Analytic
3. Which of the following is not one of the important themes of your Data Analysis & Decision Making book? a. Data analysis c. Decision making b. Dealing with uncertainty d. Data mining ANS: D
PTS: 1
4. Data analysis includes a. data description b. data inference ANS: D
PTS: 1
MSC: AACSB: Analytic
c. the search for relationships in data d. All of these options MSC: AACSB: Analytic
5. Which of the following is not one of the steps in the modeling process? a. Select scale for model b. Collect and summarize data c. Verify the model d. Present the results e. Implement the model and update it through time ANS: A
PTS: 1
MSC: AACSB: Analytic
6. Which of the following would not be included under data analysis? a. Measuring uncertainty c. Data inference b. Data description d. Search for relationships © 2011 Cengage Learning. All Rights Reserved. This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.