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Unit 2 - Week 1

Course
outline
Week 1 Assignment
The due date for submitting this assignment has passed. Due on 2018-02-05, 23:59 IST.
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the portal Submitted assignment

Week 1 Assignment for Week 1

1) In most of the business, we often presume that there is a relationship between price (P) and 1 point
Lecture 1:
Introduction to demand (D). Assume that they have linear negative relation represented by D = α – βP. For α equal to
Business 20000, β equal to 10 and P is fixed at USD 100, find out model predicted demand.
Analytics

Lecture 2:
Framework of A. 1900
Business
Analytics
B. 17000
Lecture 3: Data
Structure
C. 19000
Lecture 4:
Decision D. None
Models
No, the answer is incorrect.
Lecture 5: Score: 0
Problem
solving and Accepted Answers:
Decision C. 19000
making
2) In any business decision making model, which is not a problem solving approach. 1 point
Week 1 Lecture
Materials

Quiz : Week 1 A. defining a problem

Assignment

Feedback for B. structuring the problem

Week 1

Week 1 C. implementing solution

Assignment
solution D. none

Week 2 No, the answer is incorrect.

Score: 0

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Week 7
B. unsupervised learning algorithms
Week 8

C. evolutionary learning algorithms

Week 9
D. none
Week 10
No, the answer is incorrect.
Week 11 Score: 0
Accepted Answers:
Week 12 D. none

4) Which is not part of the business analytics for management decision 1 point
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VIDEOS

A. inferential analytics

B. diagnostic analytics

C. prescriptive analytics

D. none

No, the answer is incorrect.

Score: 0
Accepted Answers:
D. none

5) A manufacturer of XYZ product is preparing to set the price on a model. Demand (D) is thought 1 point
to depend on price (P) and is represented by the model D = 2000 - 3P and total cost (C) is represented by C
= 5000 + 4D. What is total profit?

A. 2,100,000

B. 52,400

C. 53,300

D. None

No, the answer is incorrect.

Score: 0
Accepted Answers:
D. None

6) Which is not a software for business analytics? 1 point

A. SPSS

B. STATA

C. R

D. None

No, the answer is incorrect.

Score: 0
Accepted Answers:

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Business Analytics for Management Decision - -... https://onlinecourses.nptel.ac.in/noc18_mg09/un...

D. None

7) Which is not a business analytics tool? 1 point

A. regression analysis

B. artificial neural network

C. CAPM

D. none

No, the answer is incorrect.

Score: 0
Accepted Answers:
C. CAPM

8) Which of the following operations is meaningful for processing nominal data? 1 point

A. addition

B. multiplication

C. ranking

D. counting

No, the answer is incorrect.

Score: 0
Accepted Answers:
D. counting

9) A portion (subset) of the entities under study is called the 1 point

A. parameter

B. sample

C. population

D. statistic

No, the answer is incorrect.

Score: 0
Accepted Answers:
B. sample

10)A question in a survey of microcomputer users asked “Which operating system do you use most 1 point
often: a. Apple OS 7, b. MS DOS, c. MS Windows 95, d. Unix.” The measurement level for this question is
_________________.

A. nominal level

B. ordinal level

C. interval level

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Business Analytics for Management Decision - -... https://onlinecourses.nptel.ac.in/noc18_mg09/un...

D. ratio level

No, the answer is incorrect.

Score: 0
Accepted Answers:
A. nominal level

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