Statistics for Managers Using Microsoft Excel 9th Global Edition by David Levine Test bank
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ANSWER:
descriptive statistics/methods TYPE: FI DIFFICULTY: Moderate
KEYWORDS: descriptive statistics
descriptive statistics/methods TYPE: FI DIFFICULTY: Moderate
KEYWORDS: descriptive statistics
- The Commissioner of Health in New York State wanted to study malpractice litigation in New York. A sample of 31 thousand medical records was drawn from a population of 2.7 million patients who were discharged during 2010. Using the information obtained from the sample to predict population characteristics with respect to malpractice litigation is an example of .
inferential statistics
TYPE: FI DIFFICULTY: Moderate
KEYWORDS: inferential statistics
- The Commissioner of Health in New York State wanted to study malpractice litigation in New York. A sample of 31 thousand medical records was drawn from a population of 2.7 million patients who were discharged during 2010. The collection, presentation, and characterization of the data from patient medical records are examples of .
descriptive statistics/methods TYPE: FI DIFFICULTY: Easy
KEYWORDS: descriptive statistics
- True or False: Business analytics combine “traditional” statistical methods with methods and techniques from management science and information systems to form an interdisciplinary tool that supports fact-based management decision making.
True
TYPE: TF DIFFICULTY: Easy
KEYWORDS: business analytics
- Which of the following is not true about business analytics?
- It enables you to use statistical methods to analyze and explore data to uncover unforeseen relationships.
- It enables you to use management science methods to develop optimization models that impact an organization’s strategy, planning, and operations.
- It enables you to use complex mathematics to replace the need for organizational decision making and problem solving.
- It enables you to use information systems methods to collect and process data sets of all sizes.
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: business analytics
- True or False: “Big data” is a concrete concept with a precise operational definition.
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: big data
- True or False: “Big data” are data being collected in huge volumes and at very fast rates, and they typically arrive in a variety of forms, organized and unorganized.
True
TYPE: TF DIFFICULTY: Easy
KEYWORDS: big data
- True or False: In the current data-driven environment of business, the decisions you make will be increasingly based on gut or intuition supported by personal experience.
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: business analytics
- True or False: The D in the DCOVA framework stands for “data”. ANSWER:
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
- True or False: The D in the DCOVA framework stands for “define”. ANSWER:
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
- True or False: The C in the DCOVA framework stands for “categorize”. ANSWER:
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
- True or False: The C in the DCOVA framework stands for “collect”. ANSWER: