Business Intelligence, 4e(Sharda/Delen/Turban) Chapter 6 Prescriptive Analytics: Optimization and simulation 1)In the School District of Philadelphia case, Excel and an add-in was used to evaluate different Answer: TRUE Diff: 2 Page Ref: 321 2)Modeling is a key element for prescriptive analytics Answer: TRUE Diff: 1 Page Ref: 322 3)Business analysis is the monitoring, scanning, and interpretation of collected environmental information Answer: FALSE Diff:2 Page Ref: 324 4)Online commerce and communication has created an immense need for forecasting and abundance of available information for performing it Answer: TRUE Diff: 2 Page Ref: 324 5)All quantitative models are typically made up of six basic components Answer: FALSE Diff: 2 Page Ref: 328 6) Result variables are considered independent variables Ans ALSE Diff: 2 Page Ref: 328 7) In decision making under uncertainty, it is assumed that complete knowledge is available Ans ALSE Diff: 2 Page Ref: 330 8)a decision made under risk is also known as a probabilistic or stochastic decision-making Answer: TRUE Diff: 2 Page Ref: 331 9)Spreadsheets include all possible tools needed to deploy a custom DSS Answer: FALSE Diff: 2 Page Ref: 332 10) Spreadsheets are clearly the most popular developer modeling tool Answer: FALSE Diff: 2 Page Ref: 333 Copyright C 2018 Pearson Education, Inc1 Copyright © 2018 Pearson Education, Inc. Business Intelligence, 4e (Sharda/Delen/Turban) Chapter 6 Prescriptive Analytics: Optimization and Simulation 1) In the School District of Philadelphia case, Excel and an add-in was used to evaluate different vendor options. Answer: TRUE Diff: 2 Page Ref: 321 2) Modeling is a key element for prescriptive analytics. Answer: TRUE Diff: 1 Page Ref: 322 3) Business analysis is the monitoring, scanning, and interpretation of collected environmental information. Answer: FALSE Diff: 2 Page Ref: 324 4) Online commerce and communication has created an immense need for forecasting and an abundance of available information for performing it. Answer: TRUE Diff: 2 Page Ref: 324 5) All quantitative models are typically made up of six basic components. Answer: FALSE Diff: 2 Page Ref: 328 6) Result variables are considered independent variables. Answer: FALSE Diff: 2 Page Ref: 328 7) In decision making under uncertainty, it is assumed that complete knowledge is available. Answer: FALSE Diff: 2 Page Ref: 330 8) A decision made under risk is also known as a probabilistic or stochastic decision-making situation. Answer: TRUE Diff: 2 Page Ref: 331 9) Spreadsheets include all possible tools needed to deploy a custom DSS. Answer: FALSE Diff: 2 Page Ref: 332 10) Spreadsheets are clearly the most popular developer modeling tool. Answer: FALSE Diff: 2 Page Ref: 333