Data-Based Business Decisions

Question 1

What is the first step in the decision-making process, and why is it important?

Revolt · Accepted Answer

The first step is to clearly identify/define the problem (or decision) that needs to be made. It’s important because it sets the goal and guides what information you gather and what options you consider, so you solve the right issue.

Question 2

Orlon Jewelry, a retail store, restructures its employees’ schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively. Employee 1st Pick 2nd Pick 3rd Pick 4th Pick Brian 2 p.m. 8 a.m. 11 a.m. 5 p.m. Laura 5 p.m. 8 a.m. 2 p.m. 11 a.m. Miguel 5 p.m. 11 a.m. 8 a.m. 2 p.m. Wanda 2 p.m. 5 p.m. 11 a.m. 8 a.m. Based on this information, when will each employee’s shift begin? a. 8 a.m. - Laura; 11 a.m. - Miguel; 2 p.m. - Wanda; 5 p.m. - Brian b. 8 a.m. - Miguel; 11 a.m. - Wanda; 2 p.m. - Brian; 5 p.m. - Laura c. 8 a.m. - Laura; 11 a.m. - Brian; 2 p.m. - Wanda; 5 p.m. - Miguel d. 8 a.m. - Brian; 11 a.m. - Miguel; 2 p.m. - Laura; 5 p.m. - Wanda Please select the best answer from the choices provided

Revolt · Accepted Answer

C: C

Question 3

You are in charge of managing the advertising for a restaurant. You are able to buy up to 62 advertisements a month, and your data from the previous month shows that you need to buy at least 5 newspaper ads for every 3 television ads to draw in the most customers. What is the greatest number of newspaper and television ads you could buy?

Revolt · Accepted Answer

C: 40 newspaper ads, 21 television ads

Question 4

Jasmine set up counters at four major intersections, keeping track of how many cars passed by each on a daily basis over the course of several days. Her findings are shown in the chart below. Which intersection had the greatest number of increases in traffic from day to day? a. Huffman b. Price c. Mason d. Pearl Please select the best answer from the choices provided

Revolt · Accepted Answer

C: C

Question 5

You are in charge of managing the advertising for a restaurant. You are able to buy up to 62 advertisements a month, and your data from the previous month shows that you need to buy at least 5 newspaper ads for every 3 television ads to draw in the most customers. What is the greatest number of newspaper and television ads you could buy?

Question 6

Year

Revolt · Accepted Answer

B: B

Question 7

The following chart shows a company’s sales records of four employees over the past year. Based on this graph, which employee is likely to have the greatest sales next month? a. Ben b. Marcel c. Kim d. Rebecca Please select the best answer from the choices provided

Revolt · Accepted Answer

C: C

Question 8

The following graph shows the size of minnows that were caught over the course of a day. During which interval were the most minnows caught? a. early morning (0:00 - 6:00) b. late morning (6:00 - 12:00) c. afternoon (12:00 - 18:00) d. evening (18:00 - 0:00) Please select the best answer from the choices provided

Revolt · Accepted Answer

C: C

Question 9

You are in charge of managing the advertising for a restaurant. You are able to buy up to 62 advertisements a month, and your data from the previous month shows that you need to buy at least 5 newspaper ads for every 3 television ads to draw in the most customers. What is the greatest number of newspaper and television ads you could buy?

Revolt · Accepted Answer

C: 40 newspaper ads, 21 television ads

Question 10

The following graph details the number of performances of plays a Shakespearean acting company has performed over the past five years. If the company has performed Twelfth Night 25 times in the past five years, how many times have they performed in total? Round to the nearest whole performance, if necessary. a. 42 b. 50 c. 147 d. 221 Please select the best answer from the choices provided

Revolt · Accepted Answer

C: C

Data-Based Business Decisions Answers

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