This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following analytical techniques helps us arrive at the best decision? a. Predictive ... (Read 249 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Which of the following analytical techniques helps us arrive at the best decision?
 a. Predictive analytics b. Data mining
  c. Prescriptive analytics d. Descriptive analytics

Question 2

____________________ are used in the pharmaceutical industry to assess the risk of introducing a new drug.
 a. Data dashboards b. Charts
  c. Spreadsheet models d. Simulations


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: Prescriptive analytics indicate a best course of action to take; that is, the output of a prescriptive model is a best decision.

Answer to Question 2

d
RATIONALE: Simulation involves the use of probability and statistics to construct a computer model to study the impact of uncertainty on a decision.


arivle123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 24, 2018
Correct answers!


miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Manganese helps Deinococcus radiodurans to avoid radiation damage. Manganese helps Deinococcus radiodurans to avoid radiation damage.
Lymphatic massage techniques improve the circulation of lymph fluid. Lymphatic massage techniques improve the circulation of lymph fluid.
Swedish Massage Techniques and Variations Swedish Massage Techniques and Variations
Conventions and Techniques of Egyptian Pictorial Relief Conventions and Techniques of Egyptian Pictorial Relief
Functions of Vitamin D Vitamin D Helps Bone Health by Regulating Calcium and Phosphorus Functions of Vitamin D Vitamin D Helps Bone Health by Regulating Calcium and Phosphorus
Two techniques for holding and inserting an otoscope Two techniques for holding and inserting an otoscope
Video: Exocytosis - secretion

For a complete list of videos, visit our video library