Question 1

Quick Changeover Techniques establish ways to clean and maintain the necessary housekeeping aspects of a work environment.

Accepted Answer

A) True 
 B)False

Question 2

SCENARIO 14-3
is a measure of the probability that can
The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No") into its bundled program offering based on the price ($30, $40, $50, $60) and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No") using the data set of 100 customers collected from a survey.    
-Referring to SCENARIO 14-3, what percentage of the variation in whether a customer will switch into its bundled program offering can be explained by the price and whether the customer spends more than 5 hours a day watching TV?

Accepted Answer

The answer of SCENARIO 14-3
is a measure of the probability...

Question 3

SCENARIO 15-6
The maker of a packaged candy wants to evaluate the quality of her production process.On each of
16 consecutive days, she samples 600 bags of candy and determines the number in each day's sample that she considers to be of poor quality.The data that she developed follow. $$\begin{array} { r c c } 
\underline{\text { Day} } & \begin{array} { c } 
\text { Number } \
\underline{\text { Poor }}
\end{array} & \begin{array} { c } 
\text { Proportion } \
\underline{\text { Poor }}
\end{array} \
1 & 33 & 0.0550000 \
2 & 29 & 0.0483333 \
3 & 31 & 0.0516667 \
4 & 32 & 0.0533333 \
5 & 43 & 0.0716667 \
6 & 45 & 0.0750000 \
7 & 46 & 0.0766667 \
8 & 48 & 0.0800000 \
9 & 48 & 0.0800000 \
10 & 46 & 0.0766667 \
11 & 28 & 0.0466667 \
12 & 32 & 0.0533333 \
13 & 28 & 0.0466667 \
14 & 32 & 0.0533333 \
15 & 31 & 0.0516667 \
16 & 24 & 0.0400000
\end{array}$$
-Referring to SCENARIO 15-6, a p control chart is to be constructed for these data.The lower control limit is _, while the upper control limit is _.

Accepted Answer

The answer of SCENARIO 15-6
The maker of a packaged candy...

Question 4

SCENARIO 14-5
The output below shows the results of the neural network model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No") into its bundled program offering based on the price ($30, $40, $50, $60) and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No") using the data set of
100 customers collected from a survey.  
-Referring to SCENARIO 14-5, out of the 27 customers who did not switch in the validation data set, how many are correctly classified by the neural network?

Accepted Answer

The answer of SCENARIO 14-5
The output below shows the results...

Question 5

Once the control limits are set for a control chart, one attempts to

Accepted Answer

A) discern patterns that might exist in values over time. 
B) determine whether any points fall outside the control limits. 
C) Both of the above. 
D) None of the above. 
A) discern patterns that might exist in values over time. 
B) determine whether any points fall outside the control limits. 
C) Both of the above. 
D) None of the above.

Question 6

The forward-and-backward computation among the three layers of a multilayer perceptron is repeated until the output layer detects that the difference between the predicted results and the target values has been minimized or is at an acceptable level.

Accepted Answer

A) True 
 B)False

Question 7

There is no significant difference between filtering performed in a complex real- world business analytic and filtering performed using the slicers in a PivotTable in Excel.

Accepted Answer

A) True 
 B)False

Question 8

The likelihood ratio chi square statistic G2be attributed to the response that has occurred.

Accepted Answer

A) True 
 B)False

Question 9

C p >1 indicates that if the process average can be centered, then more than99.73% of the observations will fall inside the specification limits.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following situations suggests a process that appears to be operating out of statistical control?

Accepted Answer

A) A control chart with a series of consecutive points that are above the center line and a series of consecutive points that are below the center line. 
B) A control chart in which points fall outside the lower control limit. 
C) A control chart in which several points fall outside the upper control limit. 
D) All of the above. 
A) A control chart with a series of consecutive points that are above the center line and a series of consecutive points that are below the center line. 
B) A control chart in which points fall outside the lower control limit. 
C) A control chart in which several points fall outside the upper control limit. 
D) All of the above.

Question 11

SCENARIO 14-3
is a measure of the probability that can
The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No") into its bundled program offering based on the price ($30, $40, $50, $60) and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No") using the data set of 100 customers collected from a survey.    
-Referring to SCENARIO 14-3, what is the highest rate of switching into the bundled offering?

Accepted Answer

The answer of SCENARIO 14-3
is a measure of the probability...

Question 12

The Cpk is a one-sided specification limit.

Accepted Answer

A) True 
 B)False

Question 13

SCENARIO 14-4
The regression tree below was obtained for predicting the weekend box office revenue of a newly released movie (in thousands of dollars) based on data collected in different cities on the expenditure (at $25, $30, $35, $40, $45, $50, $55, $60, $65 or $70 thousand) spent on TV advertising and the number of times (10, 15, 20, 25, 30 or 35) a day the advertisement appear on TV.  
-Referring to SCENARIO 14-4, what percentage of the variation in weekend box office revenue can be explained by the amount spent on TV advertising and the number of times a day the advertisement appears on TV?

Accepted Answer

The answer of SCENARIO 14-4
The regression tree below was obtained...

Question 14

The LogWorth statistic is used to decide when to split a node of a regression tree.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is NOT one of the categories of predictive analytics methods?

Accepted Answer

A) Classification 
B) Clustering 
C) Association 
D) Description 
A) Classification 
B) Clustering 
C) Association 
D) Description

Question 16

SCENARIO 14-3
is a measure of the probability that can
The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No") into its bundled program offering based on the price ($30, $40, $50, $60) and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No") using the data set of 100 customers collected from a survey.    
-Referring to SCENARIO 14-3, the highest probability of switching is predicted to occur among customers who watch more than 5 hours of TV a day and are offered the bundled price of higher than $50.

Accepted Answer

A) True 
 B)False

Question 17

SCENARIO 14-2
The treemap below shows the amounts (size) measured in billions of US dollars and percentage changes from prior year (color) of business-to-consumer ecommerce sales last year for North America, Asia Pacific, Western Europe, Central & Eastern Europe, Latin America, and Middle East
& Africa.  
-Referring to SCENARIO 14-2, which region has the smallest amount of business-to-consumer ecommerce sales last year?

Accepted Answer

Middle Eas

Question 18

Which of the following is not part of the DMAIC process in Six Sigma management?

Accepted Answer

A) Define 
B) Do 
C) Analyze 
D) Control 
A) Define 
B) Do 
C) Analyze 
D) Control

Question 19

The smaller the capability index, the more capable a process is of meeting customer requirements.

Accepted Answer

A) True 
 B)False

Question 20

SCENARIO 14-5
The output below shows the results of the neural network model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No") into its bundled program offering based on the price ($30, $40, $50, $60) and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No") using the data set of
100 customers collected from a survey.  
-Referring to SCENARIO 14-5, the misclassification rate of 0.2058824 in the validation data set means that how many customers in the validation data are incorrectly classified?

Accepted Answer

The answer of SCENARIO 14-5
The output below shows the results...

Quick Changeover Techniques establish ways to clean and maintain the necessary housekeeping aspects of a work environment.

Once the control limits are set for a control chart, one attempts to

The forward-and-backward computation among the three layers of a multilayer perceptron is repeated until the output layer detects that the difference between the predicted results and the target values has been minimized or is at an acceptable level.

There is no significant difference between filtering performed in a complex real- world business analytic and filtering performed using the slicers in a PivotTable in Excel.

The likelihood ratio chi square statistic G2be attributed to the response that has occurred.

C p >1 indicates that if the process average can be centered, then more than99.73% of the observations will fall inside the specification limits.

Which of the following situations suggests a process that appears to be operating out of statistical control?

The Cpk is a one-sided specification limit.

The LogWorth statistic is used to decide when to split a node of a regression tree.

Which of the following is NOT one of the categories of predictive analytics methods?

Which of the following is not part of the DMAIC process in Six Sigma management?

The smaller the capability index, the more capable a process is of meeting customer requirements.

Defining and Collecting Data

Organizing and Visualizing Variables

Numerical Descriptive Measures

Basic Probability

Discrete Probability Distributions

The Normal Distribution

Sampling Distributions

Confidence Interval Estimation

Fundamentals of Hypothesis Testing: One-Sample Tests

Two-Sample Tests

Chi-Square Tests

Simple Linear Regression

Multiple Regression

Filters

Exam 14: Business Analytics

Quick Changeover Techniques establish ways to clean and maintain the necessary housekeeping aspects of a work environment.

Once the control limits are set for a control chart, one attempts to

The forward-and-backward computation among the three layers of a multilayer perceptron is repeated until the output layer detects that the difference between the predicted results and the target values has been minimized or is at an acceptable level.

There is no significant difference between filtering performed in a complex real- world business analytic and filtering performed using the slicers in a PivotTable in Excel.

The likelihood ratio chi square statistic G2be attributed to the response that has occurred.

C p >1 indicates that if the process average can be centered, then more than99.73% of the observations will fall inside the specification limits.

Which of the following situations suggests a process that appears to be operating out of statistical control?

The Cpk is a one-sided specification limit.

The LogWorth statistic is used to decide when to split a node of a regression tree.

Which of the following is NOT one of the categories of predictive analytics methods?

Which of the following is not part of the DMAIC process in Six Sigma management?

The smaller the capability index, the more capable a process is of meeting customer requirements.

Defining and Collecting Data

Organizing and Visualizing Variables

Numerical Descriptive Measures

Basic Probability

Discrete Probability Distributions

The Normal Distribution

Sampling Distributions

Confidence Interval Estimation

Fundamentals of Hypothesis Testing: One-Sample Tests

Two-Sample Tests

Chi-Square Tests

Simple Linear Regression

Multiple Regression

Filters