The Chapter One "The World of Business Analytics" Case Reading

question 9

Multiple Choice

The Chapter One "The World of Business Analytics" case reading discusses the relationship between OR/MS and IS professionals. Which of the following statements is NOT true?

• A) OR/MS analysts need IS professionals' data for their models.
• B) OR/MS analysts need to take many of the IS customers.
• C) The IS professional cannot use OR/MS tools in their applications.
• D) The IS tools can start to recommend solutions using OR/MS skills.

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Definitions:

Marginal Utility

The additional satisfaction or utility gained from consuming or using one more unit of a good or service.

Interest Rate

The percentage of a sum of money charged for its use, which can be seen as the cost of borrowing money or the return on saving.

Rule Of 70

A method used to estimate the number of years it will take for a variable to double, calculated by dividing 70 by the annual growth rate.

Interest Rate

The proportion of a specified sum that is added as a charge for borrowing it, usually stated as an annual rate.