Exam 5: Decision Support Tools

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The ____________________ value of a set of data is that point that separates the higher values from the lower values.

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MODIFIED TRUE/FALSE -The mean of a set of data is the value that occurs most frequently._________________________

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Please identify the letter of the choice that best matches the term below.
Measure of the variability of a set of data
cell reference
The point that separates the higher values from the lower values
arithmetic mean
Usually referred to as the average
standard deviation
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Measure of the variability of a set of data
cell reference
The point that separates the higher values from the lower values
arithmetic mean
Usually referred to as the average
standard deviation
The value that occurs most frequently.
median
Pointer that you include in a formula to tell the spreadsheet where to find the actual data
mode
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Like OpenOffice Calc, ____ is a free, open-source spreadsheet program that is part of the GNOME desktop for computers running the Linux operating system.

(Multiple Choice)
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  -Referring to the figure above, to show directions or trends in a linear data series over time you would use the ____ chart. -Referring to the figure above, to show directions or trends in a linear data series over time you would use the ____ chart.

(Multiple Choice)
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When modeling a decision using ____ data, you can use mathematics to help you analyze and compare the data.

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The mode is the most common descriptive statistic and is simple to compute.

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MODIFIED TRUE/FALSE -Standard deviation is a measure of the variability of a set of data._________________________

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The ____________________ are values in the results that could change if the decision variables change.

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Decision variables are values that could change and affect the results.Statisticians refer to these as ____ variables.

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When normalizing, you usually ____ the data by a variable so you can compare the variables fairly.

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MODIFIED TRUE/FALSE -A cell reference is a pointer that you include in a formula to tell the spreadsheet where to find the actual data._________________________

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Decision variables are often used in formulas that show results.

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  -Referring to the figure above, if you wanted to compare the percentage of an element to the whole, you would use the ____ chart. -Referring to the figure above, if you wanted to compare the percentage of an element to the whole, you would use the ____ chart.

(Multiple Choice)
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MODIFIED TRUE/FALSE -A DSS is ideal for analyzing complex problems that involve sets of data and demand a systematic decision-making approach._________________________

(True/False)
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A decision tree is a support tool that models decisions using a treelike diagram.Each branch of the tree represents an option and its ____.

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Although means are affected by extremely large or small values in the data set, ____ are not.

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  -The survey shown above takes subjective data and turns it into a quantitative model by converting the information into numbers. -The survey shown above takes subjective data and turns it into a quantitative model by converting the information into numbers.

(True/False)
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MODIFIED TRUE/FALSE -Variables are elements that are not likely to change much over time._________________________

(True/False)
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Helen has researched some software and found one that completes 3D scatter plots.It turns out that most software tools can display 3D scatter plots with up to ____ dimensions.

(Multiple Choice)
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