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Business Analytics Communicating With Numbers 2nd Edition By Sanjiv Jaggia Professor, Alison Kelly Professor And Kevin Lertwachara TEST BANK
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CHAPTER 1 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) The ability to use qualitative reasoning with quantitative tools allows management to make decisions... to improve business performance. ⊚ true ⊚ false 2) The use of historical information to predict what could happen in the future describes prescriptive analytics. ⊚ true ⊚ false 3) Data are the compilation of facts, figures, or other contents, both numerical and nonnumerical. ⊚ true ⊚ false 4) Generally speaking, it is not feasible to obtain complete population data due to expense and near impossibility to examine every member of the population. ⊚ true ⊚ false 5) Collecting height data annually on the sample set of participants is an example of time series data. ⊚ true ⊚ false 6) Structured and unstructured data are only machine generated. ⊚ true ⊚ false 7) Numerical variables are either discrete or continuous [Show More]
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