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Itae002 Test 2
Itae002 Test 2
Login ID 1211988
Qs. No Questions
---- is a good estimate of the overall variance, but only on the condition that the null
1
hypothesis is true.
a. MSE
b. MSR
c. RMSE
d. None of these
a. Mean
b. Mode
c. Variance
d. Median
-------- will treat all error equally, whether outliers or not, and thereby avoid the problem
3
of undue infuence of others.
4 Accornding to CRISP-DM, how many phases are there in data mining project life cycle?
a. Five
b. Six
c. Four
d. Seven
-------- sample size is the only way to decrease the margin of error while maintaining a
5
constant level of confidence.
a. Increasing
b. Decreasing
c. Keeping constant
d. None of these
Let's consider, there are 4 varialbles and each can take 2 values. Now there are 18 entries
6
in the date set. How many duplicate records may be present in data set?
a. 1
b. 3
c. 4
d. 2
8 Generally, the low - complexity model has a ------- bias, it has a ------- variance.
a. High, low
b. Low, high
c. Low, low
d. High, high
10 For continous variable, generally two sample T-tests are used for
a. Difference in means
b. Difference in proportions
c. Homogeneity of proportions
d. None of these
Generally, F- test is used to find significance of the regression mode in which F- test considers the --------
11 relationship between the target variable y and the set of predcitors taken as a
whole but not as individual predictor.
a. Linear
b. Non -linear
c. Both (a) & (b)
d. None of these
Let's assume, data mining is applied to measure performance of students in girls school. There are variables,
12 like, gender, age, percentage, residental area code,etc. Which variable can be removed from the list without
sacrificing the result?
a. Gender
b. Age
c. Percentage
d. None of these
Sensitivity measures the ability of the model to classify a record -----, which specificity measures the ability to
13
classify a record -------.
a. Negatively, positively
b. Positively, Negatively
c. Positively, Positively
d. Negatively, Negatively
We are 95% confident that the polulation mean number of customer service calls for all the customers falls
a.
between some range.
We are 95% confident that the sample mean number of customer service calls for all the customers falls between
b.
some range.
c. We are 5% confident that the polulation mean number of customer service calls for all falls between some range.
d. None of these
Extrapolation refers to estimates and predictions of target variable made using the regression equation with
16
values of the predictor variable outside of the range of the values of ------ in the data set.
a. x
b. y
c. Both (a) & (b)
d. None of these
As general rule of thumb, the number of eigen values and hence corresponding eigen vector to be in PCA is
17
related to value of eigen value, for which value threshold must be taken as,
Generally, the high-complexity model has a ------ bias ( in terms of the error rate on the training set), it has a ------
18
- variance.
a. High, low
b. Low, high
c. Low, low
d. High, high
A ----- confidence interval for 'mu' is equivalent to a two-tailed hypothesis test for 'mu', with level of
20
significance 'alpha'
a. 100 ( 1 - alpha )%
b. 100 ( alpha -1 )%
c. 100 /( 1 - alpha )%
d. 100 /( alpha -1 )%
21 Least squares regression works by choosing the unique regression line that ---------.
a. Minimizes the sum of squared residuals over all the data points.
b. Maximizes the sum of squared residuals over all the data points.
c. Minimizes the sum of squared residuals over some data points.
d. None of these
22 For flag variable, generally two sample Z - tests are used for
a. Difference in means
b. Difference in proportions
c. Homogeneity of proportions
d. None of these
a. Peak
b. Mean
c. Error
d. None of these.
In general, a user-defined composite is simply a -------- combination of the variables, which combines several
24
variables together into a single composite measure.
a. Homogenous
b. Superposition
c. Linear
d. Non-linear
In ANOVA, the F-distribution statistics, to reject null hypothesis, the F-data will be ------- when between sample
25
variability is much ------ than within sample variability.
a. Large, greater
b. Small, greater
c. Small, lesser
d. Large, lesser
----------- is always a good estimate of the overall variance regardless of whether the null hypothesis is true or
26
not.
a. MSE
b. MSR
c. RMSE
d. None of these
Thumb rule is to flag observations whose standaderized residuals exceed ------- in absulote value as being
28
outliers
a. 2
b. 3
c. 5
d. 1
30 When x and y are -----, as the value of X increases, the value of y tends to decrease.
a. Positively correlated
b. Negatively correlated
c. Uncorrelated
d. All of these
1218238
Qs. No Questions
According to the minimum descriptive length principle, it quantifies that the best representation ( or
1 description) of a model or body of a data is the one that ---- the information required (in bits) to encode (i) the
model and (ii) the exceptions of the model.
a. Minimize
b. Maximize
c. Neither minimize nor maximize
d. None of these
a. Standard deviation
b. Mean absolute deviation
c. Z-score
d. Inter Quartile range
Thumb rule is to flag observations whose standaderized residuals exceed ------- in absulote value as being
3
outliers
a. 2
b. 3
c. 5
d. 1
In ANOVA, the F-distribution statistics, to reject null hypothesis, the F-data will be ------- when between sample
4
variability is much ------ than within sample variability.
a. Large, greater
b. Small, greater
c. Small, lesser
d. Large, lesser
a. Sensitivity
b. Specificity
c. Accuracy
d. None of these
6 A ----- confidence interval for 'mu' is equivalent to a two-tailed hypothesis test for 'mu', with level of
a. 100 ( 1 - alpha )%
b. 100 ( alpha -1 )%
c. 100 /( 1 - alpha )%
d. 100 /( alpha -1 )%
In the regression model, changing the ordering of the variables into the model changes nothing except the --------
7
-.
Generally, F- test is used to find significance of the regression mode in which F- test considers the --------
8 relationship between the target variable y and the set of predcitors taken as a
whole but not as individual predictor.
a. Linear
b. Non -linear
c. Both (a) & (b)
d. None of these
-------- sample size is the only way to decrease the margin of error while maintaining a
9
constant level of confidence.
a. Increasing
b. Decreasing
c. Keeping constant
d. None of these
10 Least squares regression works by choosing the unique regression line that ---------.
a. Minimizes the sum of squared residuals over all the data points.
b. Maximizes the sum of squared residuals over all the data points.
c. Minimizes the sum of squared residuals over some data points.
d. None of these
11 What are the values of coefficient of determination and SSE respectively for perfect fit case (SSR= SST)?
a. 0 ,1
b. 1, 1
c. 1, 0
d. 1, -1
12 For flag variable, generally two sample Z - tests are used for
a. Difference in means
b. Difference in proportions
c. Homogeneity of proportions
d. None of these
---- is a good estimate of the overall variance, but only on the condition that the null
13
hypothesis is true.
a. MSE
b. MSR
c. RMSE
d. None of these
14 The factor solutions provided by factor analysis are not invariant to ---------.
a. Transformations
b. Rotation
c. Scaling
d. None of these
15 When x and y are -----, as the value of X increases, the value of y tends to decrease.
a. Positively correlated
b. Negatively correlated
c. Uncorrelated
d. All of these
a. Mean
b. Mode
c. Variance
d. Median
a. Decrease
b. Increase
c. Not be changed
d. None of these
18 In general, ------- null hypothesis if p-value is less than level of significance a ( a small preset value, say 0.05)
a. Accept
b. Reject
c. More rest required
d. None of these
a. MSTR/MSTE
b. MSE/MSTR
c. MSTR/MSE
d. MSTE/MSE
It is to be stressed that model evaluation techniques should be performed on the data set, rather than on the
20
training set, or on the data set as a whole.
a. Test
b. Verification
c. Training
d. None of these
As general rule of thumb, the number of eigen values and hence corresponding eigen vector to be in PCA is
22
related to value of eigen value, for which value threshold must be taken as,
a. Eigen values less than zero
b. Eigen values equal to zero
c. Eigen values less than one
d. Eigen values equal or greater than one
23 Accornding to CRISP-DM, how many phases are there in data mining project life cycle?
a. Five
b. Six
c. Four
d. Seven
Consider the following statements. Find out correct sequence of execution. 1. Build a data mining model using
24 the training set data. 2. Partition the available data into a training set and a test set. Validate the partition. 3.
Evaluate the data mining model using the test set data.
a. 1 ,2, 3
b. 2, 1, 3
c. 1, 3, 2
d. 2, 3, 1
A multiple regression model uses a ------ surface, such as a -------, to approximate the relationship between a
25
continuous response (target) variable and a set of predictor variables.
Let's consider, there are 4 varialbles and each can take 2 values. Now there are 18 entries
26
in the date set. How many duplicate records may be present in data set?
a. 1
b. 3
c. 4
d. 2
Generally, the high-complexity model has a ------ bias ( in terms of the error rate on the training set), it has a ------
27
- variance.
a. High, low
b. Low, high
c. Low, low
d. High, high
a. Positive
b. Negative
c. Zero
d. None of these
Sensitivity measures the ability of the model to classify a record -----, which specificity measures the ability to
29
classify a record -------.
a. Negatively, positively
b. Positively, Negatively
c. Positively, Positively
d. Negatively, Negatively
30 95% confidence interval about the mean number of customer service calls for all the customer indicates:
We are 95% confident that the polulation mean number of customer service calls for all the customers falls
a.
between some range.
We are 95% confident that the sample mean number of customer service calls for all the customers falls between
b.
some range.
c. We are 5% confident that the polulation mean number of customer service calls for all falls between some range.
d. None of these
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BATC632
Login ID 1211989
Qs. No Questions
1 Why are PivotTables considered interactive?
2 In order to use the Analyze in excel feature, you must have ------ installed on the system.
a. SSDT
b. SSMS
c. SSMA
d. None of these
3 If the demand curve for a good is downward sloping, then the good must be
a. Normal
b. Inferior
c. Giffen
d. Either (a) or (b)
6 ------- describes the NPV of the stream of future profits anticipated over the customer's lifetime purchases.
7 ------ exists when all comsumers have almost the same preferences and the market reflects no natural segments.
a. Clustered preferences.
b. Diffused preferences.
c. Homogenous preferences.
d. None of these
If "time" is used as independent variable in a simple linear regression analysis, then which of the following
8
assumption could be violated?
The cost of owning a product, including the initial purchase price of the product and its setup cost, operational
9 cost, maintainence cost, and disposal cost over its entire useful life, is known as: (A) life cycle cost. (B) Total cost
of ownership. (C) functional value of the customer
a. (A) only
b. (B) only
c. (C) only
d. (A) and (B)
A marketing database alllows organizations to identify and focus their efforts on their best customers using a
10
recency, frequency, and monetary --------------.
a. (RFM) analysis.
b. (CRS) analysis.
c. (BAB) analysis.
d. Consumer analysis.
The linear trend for the number of vehicles sold per year at a local motor sports retailer is given by the
11 equation,Y = 30 + 125t. The base period (that is, year Zero) of the time series is the year 2004. The forecast for
2014 is:
a. 1280
b. 251280
c. 125
d. 155
a. Introduction Stage
b. Growth Stage
c. Decline Stage
d. All of these
Which of the following tools analyzes and highlights data rows that do not appear to match the general patterns
13
found in the rest of the table?
a. Exceptions
b. Highlight
c. Scenario Analysis
d. Highlight exceptions.
a. Indirect simulations
b. Vague simulations
c. Monte Carlo simulation
d. Modulated simulations
15 If with the changes in prices, demand changes considerably, then the demand is
a. Inelastic
b. Elastic
c. Unaffected
d. None of these
17 Tools that compare user behavior and interests to make purchasing recommendations to users are called:
Market share plays most important role in context to product development. If in case we want to increase the
20
market share then we have to
b. an increase in income doesnot affect the slope of the budget line, while an decrease in price does change the slope.
c. a price decrease decreases real income, while an increase in income increases real income.
d. a price decrease leaves real income unchanged,while an increase in income increases real income.
a. Record transactions
b. Analyze and rank customers
c. Predict future sales using regression techniques
d. Perform OLAP
As per customer lifetime value, the ------- most profitable customers result in as much as -----of the profits of the
26
company, the ----- least profitable lose ---- of the profits.
27 Goger's has proposed a classification of adopters. The five adopter categories as per sequence are:
The presentation of Web pages tailored to a customer, based on the gathering of demographic information
28
provided by the customer, is called:
a. Interactive marketing
b. Personalization
c. Collaborative filtering
d. Localization
29 Decision Tree is
a. A flowchart
A structure in which internal node represents test on an attribute, each branch represents outcome of test and each
b.
leaf node represents class label.
A flowchart and structure in which internal node represents test on an attribute, each branch represents outcome
c.
of test and each leaf node represents class label.
d. None of these.
The measure of forecast error which calculates the average of absolute forecast errors as a percentage of the
30
actual demand is known as
a. mean error
b. mean absolute percentage error
c. mean absolute deviation
d. mean square error
1218239
Qs. No
1 Second step in "Customer Value analysis" is
2 The Apriori algorithm is used for the following data mining task:
a. None of these
b. Classification
c. Clustering
d. Association
A ------ is a decision support tool that uses a tree-like graph or model of decisions and their possible
3
consequences, including chance event outcomes, resource costs, and utility.
a. Decision tree
b. Graphs
c. Trees
d. Neural Networks.
a. Introduction Stage
b. Growth Stage
c. Decline Stage
d. All of these
A marketing database alllows organizations to identify and focus their efforts on their best customers using a
6
recency, frequency, and monetary --------------.
a. (RFM) analysis.
b. (CRS) analysis.
c. (BAB) analysis.
d. Consumer analysis.
a. Knowledge
b. Persuasion
c. Liking
d. Confirmation
8 If the demand curve for a good is downward sloping, then the good must be
a. Normal
b. Inferior
c. Giffen
d. Either (a) or (b)
a. Cyclical
b. Seasonal
c. Trend
d. Secular
a. The simulated probability distribution will be the same as actual probability distribution.
b. Only one uncertain decision can be in any simulation model.
c. Probabilities must be at most two decimal places.
d. Each of the above is true.
12 If with the changes in prices, demand changes considerably, then the demand is
a. Inelastic
b. Elastic
c. Unaffected
d. None of these
a. Autocorrelation
b. Multicollinearity
c. Heteroscedasticity
d. Linear trends
14 In order to use the Analyze in excel feature, you must have ------ installed on the system.
a. SSDT
b. SSMS
c. SSMA
d. None of these
a. a price decrease doesnot affect the consumption of other goods, while an increase in income does.
b. an increase in income doesnot affect the slope of the budget line, while an decrease in price does change the slope.
c. a price decrease decreases real income, while an increase in income increases real income.
d. a price decrease leaves real income unchanged,while an increase in income increases real income.
16 The conjoint analysis may be employed to:
17 ------ exists when all comsumers have almost the same preferences and the market reflects no natural segments.
a. Clustered preferences.
b. Diffused preferences.
c. Homogenous preferences.
d. None of these
The linear trend for the number of vehicles sold per year at a local motor sports retailer is given by the
18 equation,Y = 30 + 125t. The base period (that is, year Zero) of the time series is the year 2004. The forecast for
2014 is:
a. 1280
b. 251280
c. 125
d. 155
The cost of owning a product, including the initial purchase price of the product and its setup cost, operational
19 cost, maintainence cost, and disposal cost over its entire useful life, is known as: (A) life cycle cost. (B) Total cost
of ownership. (C) functional value of the customer
a. (A) only
b. (B) only
c. (C) only
d. (A) and (B)
a. Record transactions
b. Analyze and rank customers
c. Predict future sales using regression techniques
d. Perform OLAP
23 Regular customers of company's products are rewarded by designed programs are classified as
a. Customer's program
b. frequency programs
c. distribution programs
d. None of these
Before a marketing manager can develop a sound strategy to affect consumer decisions, he or she must
24
determine ---------------.
Market share plays most important role in context to product development. If in case we want to increase the
26
market share then we have to
28 Goger's has proposed a classification of adopters. The five adopter categories as per sequence are:
The presentation of Web pages tailored to a customer, based on the gathering of demographic information
29
provided by the customer, is called:
a. Interactive marketing
b. Personalization
c. Collaborative filtering
d. Localization
Jamie was participating in a market research study regarding computers when he was presented with 24
different computers that varied on four criteria. He was asked to rank all 24 descriptions in terms of his presence
30
for those combination of features. Which approach to assess the relative importance Jamie places on evaluative
criteria was this research using?
a. perceptual mapping
b. regression analysis
c. factor analysis
d. conjoint analysis
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BATC632
Login ID 1211991
Qs. No Questions
1 What is the correct two-way combinations/interactions possible, if the number of variables is 5?
3 Which of the following is widely used as unsupervised learning neural network algorithm?
a. Perceptron
b. Kohonen Self-Organizing Map (SOM)
c. Both Perceptron and Kohonen Self-Organizing Map (SOM)
d. None of these
a. Cross validation
b. Curse of dimensionality
c. Rule of thumb
d. Temporal sequencing
a. Predictive models require data in the form of two-dimensional data (rows and columns).
b. Often, deployment of predictive models require shift in resources for an organization.
c. The models become too complex due to overfitting.
d. All of these.
6 Decision trees are not distance-based algorithms and therefore are ------ by ------ and skewed distributions.
a. unaffected, outliers
b. affected, outliers
c. affected, normalized
d. unaffected, normalized
a. CRISP-DM
b. SPSS
c. Clementine
d. Mineset
9 Software provide useful information about clusters but fails to explain about -----.
10 If the value of variable can range from negative infinity to positive infinity, what is this type of this variable?
a. Categorical variables
b. Continuous variables
c. Binary variables
d. Numeric variables
11 ------- is defined as numner of times a rule occurs in data divided by the number of transactions in the data.
a. Antecedent support
b. Confidence
c. Accuracy
d. Support
a. PCC
b. ROC
c. AUC
d. None of the above
13 If data ----- is applied to clustering algorithm then it is difficult to understand summaries after clustering.
a. without normalization
b. with normalization
c. with compression
d. None of these
14 What is NOT a key step in data preparation related to the columns in the data?
a. Variable naming
b. Variable cleaning
c. Variable selection
d. Feature creation
a. It is symmetric
b. Mean, Median and Mode are all same
c. It is also called bell curve
d. 86% of data lies between the mean and the +/- 1 standard deviation
Assume that we have records of each visit by a customer to a medical shop. Which of the following will be
19
derived variable?
a. Customer's name
b. Average spend on the last month
c. Date of birth
d. Doctor who prescribed the medicine
a. Approximately 95% of the data will fall between the mean and +/- -1 standard deviation from the mean
b. Approximately 95% of the data will fall between the mean and +/- -2 standard deviation from the mean
c. Approximately 95% of the data will fall between the mean and +/- -3 standard deviation from the mean
d. Approximately 95% of the data will fall between the mean and +/- -4 standard deviation from the mean
22 Which of the following is a metric used to assess model accuracy in classification problem?
a. Average error
b. Confusion matrix
c. Median error
d. Median absolute error
a. The median would not change much when there is a single large outlier
b. The mean would not change much when there is a single large outlier
The mean is defined as the value that is exactly 50 percent of the way from the minimum to maximum value of the
c.
variable.
d. The calculation of mean requires the data to be first sorted.
25 Which of the following is NOT one of the distance metric used in building the K-Means clustering model?
27 For gains, the metric is the percentage of --------- found by the model.
a. 0s
b. 1s
c. 2s
d. None of these
Missing completely at Random (MCAR) implies a conditional relationship between the missing value and other
a.
variables.
b. Missing at Random (MAR) means that there is no way to determine what the value should have been.
Missing Not at Random (MNAR) means the missing value can be inferred in general by the mere fact that the
c.
value is missing.
d. All of these
d. Descriptive modeling algorithms try to find relationships that associate inputs to one or more target variables.
1218612
Qs. No
1 Which of the following statement is incorrect?
3 Which of the following is widely used as unsupervised learning neural network algorithm?
a. Perceptron
b. Kohonen Self-Organizing Map (SOM)
c. Both Perceptron and Kohonen Self-Organizing Map (SOM)
d. None of these
5 Inputs are analysed and grouped/clustered based on the proximity of input values to one another is
a. Supervised Learning
b. Unsupervised Learning
c. Descriptive modeling
d. Both 2 and 3
a. CRISP-DM
b. SPSS
c. Clementine
d. Mineset
What is true about predictive modeling algorithms, assuming there are two customer records in the data who are
7
actually brother and sister?
a. none
b. zero
c. FALSE
d. null
a. Chi-square Test
b. Simpson's Paradox
c. ANOVA
d. Linear regression forward selection ( 1 step)
You must always be aware of the base rate to ensure models with a large baseline rate are not perceived as -------
12
models.
a. good
b. poor
c. best
d. None of these
a. The median would not change much when there is a single large outlier
b. The mean would not change much when there is a single large outlier
c. The mean is defined as the value that is exactly 50 percent of the way from the minimum to maximum value of the
d. The calculation of mean requires the data to be first sorted.
15 Which of the following confusion matrix measures uses all quadrants of confusion matrix?
a. PCC
b. Recall
c. Precision
d. None of these
a. Domain experts
b. Data or database experts
c. Predictive modeling experts
d. All of these
a. It is symmetric
b. Mean, Median and Mode are all same
c. It is also called bell curve
d. 86% of data lies between the mean and the +/- 1 standard deviation
19 Ensembles are the mothods which not only increases model accuracy but also
Assume that we have records of each visit by a customer to a medical shop. Which of the following will be
21
derived variable?
a. Customer's name
b. Average spend on the last month
c. Date of birth
d. Doctor who prescribed the medicine
a. Average Errors
b. Mean Squared Error
c. Median Error
d. Average absolute error
23 Which of the following metric is best suited to assess model accuracy in continuous- valued estimation problem?
25 For gains, the metric is the percentage of --------- found by the model.
a. 0s
b. 1s
c. 2s
d. None of these
26 Which of the following is NOT one of the distance metric used in building the K-Means clustering model?
27 Models that are accurate, on the data used to train the models, generally show.
a. underfitting
b. overfitting
c. randomness
d. All of the above
28 As a thumb rule or guiding principle, ANOVA method works ------- when there are ------- clusters.
a. training data
b. new data
c. test data
d. None of these
30 Software provide useful information about cluster but fails to explain about ------.
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BATC632
Login ID 1218240
Qs. No Questions
1 Latin hypercube sampling uses a technique known as
Which of the following risk management options is most likely to involve a range of techniques which may be
2
used together to reduce the probability of the risk, its impact or both?
a. Transfer
b. Mitigation
c. Elimination
d. Acceptance
The ------ process occurs when one is sampling randomly without replacement from some population, and where
3
one is counting the number in that sample that have some particular characteristics,
a. Pascal
b. Poisson
c. Binomial
d. Hypergeometric
4 Which of the following probability models is most likely to yield answers faster?
A -------- is a stochastic process with sequential variables, where the expected value of each variable is the same
6
and independent of previous observations.
a. Pascal
b. Dirichle
c. Gamma
d. Martingale
The results of a risk model must be presented in a form that clearly answers the questions that the analysts set
7 out to answer. However, many reports fail in that respect. Which of the following is most likely a reason for such
a failure?
8 Which of the following is most likely to reduce the file size while building a risk model?
a. Using megaformulae
b. Maintaining large datasets
c. Avoiding use of fitted distributions
d. Avoiding use of softwares like ModelRisk
9 Which of the following best describes the difference between the terms "variability" and "uncertainity"?
10 Which of the following is least likely a limitation of risk models built using spreadsheet?
a. SQL
b. Analytica
c. Crystall Ball
d. PERTmaster
12 The cumulative distribution function, F(x), is a mathematical equation that describes the:
Consider the following equations: F(x)=P(X<=x)(1)(G(F(x))=x(2). Which of the following is least likely true about
13
the above-mentioned equations?
Which of the following probability distributions is most likely to return the number of failures one will have
14
before observing "s" successes?
a. Poisson Distribution
b. Notmal Distribution
c. Hypergeometric Distribution
d. Negative Binomial Distribution
15 Which of the following is most likely a cardinal rule of risk analysis modelling?
a. P-I scores
b. Risk drivers
c. Potential risk impacts
d. Risk identification techniques
a. Mode
b. Kurtosis
c. Variance
d. Skewness
In a least square linear regression, the fraction of the total variation in the dependent variable that is explained
19
by the independent variable is known as the:
a. quartile
b. kurtosis
c. skewness
d. percentile
21 Which of the following is most likely true if A and B are not mutually exclusive events?
a. Bayes's theorem
b. Binomial theorem
c. Central Limit theorem
d. Tchebysheff's theorem
Arpit, a risk manager at Pioneer Manufacturers, has changed the country location of a factory to avoid political
25 instability in that country. Which of the following risk management options has been exercised by Arpit in the
aforesaid scenario?
a. Transfer
b. Reduction
c. Elimination
d. Acceptance
Assume that you are doing a risk analysis and have made 20 reasonable assumptions concerning your analysis.
27 Also assume that there is a 95% chance that an assumption made is correct. Which of the following is the closest
to the probability that all the assumptions made are correct?
a. 0.36
b. 0.37
c. 0.63
d. 0.73
28 The ----- process assumes that there is a constant probability that an event will occur per increment of time.
a. Pascal
b. Poisson
c. Binomial
d. Hypergeometric
30 A risk analysis model that separates uncertainty and variability is described as ----- order.
a. first
b. third
c. second
d. fourth
1211990
Qs. No
Risk managers must distinguish between inherent risks and residual risks when developing a risk management
1
strategy. Which of the following best describes the difference between inherent risk and residual risk?
a. Residual risk in concerned with compliance risks, while inherent risk deals with operational risks.
b. Residual risk in concerned with hazard risks, while inherent risk deals with financial risks.
Residual risk has got nothing to do with the mitigation efforts, while inherent risk decreases as the mitigation efforts
c.
improve.
Residual risk is the level of risk after impact of mitigation efforts, while inherent risks is the risk associated with the
d.
business before any impact of mitigation efforts.
3 Which of the following is most likely a reason for doing risk analysis
4 A ---- plot is produced by grouping the data generated for a model's output into a number of bars or classes.
a. trend
b. spider
c. scatter
d. histogram
The results of a risk model must be presented in a form that clearly answers the questions that the analysts set
5 out to answer. However, many reports fail in that respect. Which of the following is most likely a reason for such
a failure?
a. Risk reserve
b. Risk transfer
c. Risk avoidance
d. Risk acceptance
7 Which of the following is most likely true about the Value-of-information (VOI) analysis?
c. The usual starting point of a VOI analysis is to consider the value on imperfect information (VOII).
d. VOI analysis helps to determine the worth of acquiring extra information to help the decision-maker.
8 Which of the following is the most likely a reason that can make a risk analysis terrible?
a. Mean
b. Kurtosis
c. Quartile
d. Percentile
A model indicates a time series forecast. Which of the following plots is most useful for graphical representation
10
of the results of the model?
a. trend
b. spider
c. scatter
d. histogram
11 Which of the following probability models is most likely to yield answers faster?
In a least square linear regression, the fraction of the total variation in the dependent variable that is explained
12
by the independent variable is known as the:
14 If a risk analyst is interested in finding where a distribution is centered, he should look at a measure of ------.
a. shape
b. spread
c. location
d. consistency
Arpit, a risk manager at Pioneer Manufacturers, has changed the country location of a factory to avoid political
15 instability in that country. Which of the following risk management options has been exercised by Arpit in the
aforesaid scenario?
a. Transfer
b. Reduction
c. Elimination
d. Acceptance
A ----- process is a random counting system where there are "n" independent identical trials, each one of which
16
has the same probability of success "p", which produces "s" successes from those "n" trials.
a. Poisson
b. Normal
c. Binomial
d. Lognormal
Pawan Singhi, a risk analyst in Iconic Risk Consultancy, says his teammates that " We have to maintain a healthy
17 pessimism about published work and about how good our subject matter experts are." Which of the following
qualities of a risk manager is most likely to be associated with the Pawan's statement?
a. Social
b. Careful
c. Cynical
d. Pedantic
a. Probability
b. Variability
c. Uncertainity
d. Oppurtunity
Which of the following is most likely an extension of the binomial process which treats the probability "p" as a
19
random variable?
a. Multinomial process
b. Beta-Binomial process
c. Positive-Binomial process
d. Negative-Binomial process
Monte Carlo simulations is often criticized for being an approximate technique. Which of the following is most
21
likely a means to overcome the aforesaid criticism?
22 Which of the following best describes the relationship between cdf and density (histogram) plots?
a. The flatter the slope of a cdf, the higher a relative frequency ( histogram) plot.
b. The steeper the slope of a cdf, the lower a relative frequency ( histogram) plot.
c. The steeper the slope of a cdf, the higher a relative frequency ( histogram) plot.
d. The flatter the slope of a cdf, the closer a relative frequency ( histogram) plot to vertical axis.
Which of the following probability distributions is most likely to return the number of failures one will have
23
before observing "s" successes?
a. Poisson Distribution
b. Normal Distribution
c. Hypergeometric Distribution
d. Negative Binomial Distribution
a. Bayes's theorem
b. Binomial theorem
c. Central Limit theorem
d. Tchebysheff's theorem
25 Which of the following is the most likely the purpose of a risk analysis?
Which of the following risk management options is most likely to involve a range of techniques which may be
26
used together to reduce the probability of the risk, its impact or both?
a. Transfer
b. Mitigation
c. Elimination
d. Acceptance
In terms of utility, suppose a business unit considers a loss of Rs. 500,000 vastly larger than a gain of Rs. 500,000.
27 Based on this information, which of the following is most likely the shape of the utility function of the business
units?
a. Linear
b. Kinked
c. Convex
d. Concave
28 A -------- is a stochastic process with sequential variables, where the expected value of each variable is the same
a. Pascal
b. Dirichle
c. Gamma
d. Martingale
29 The cumulative distribution function, F(x), is a mathematical equation that describes the:
30 If a risk analyst wants to determine how skewed a distribution is, he should focus on a measure of ------.
a. shape
b. speard
c. location
d. consistency
Correct 60
Maybe Correct 0
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2
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1
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81% 0.90250
Correct 73% 0.85738
66% 0.81451
59% 0.77378
53% 0.73509
48% 0.69834
1 43% 0.66342
39% 0.63025
35% 0.59874
Correct 31% 0.56880
28% 0.54036
25% 0.51334
23% 0.48767
1 21% 0.46329
19% 0.44013
17% 0.41812
15% 0.39721
Correct 14% 0.37735
12% 0.35849
Correct
Correct
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1
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1
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#VALUE!
Correct
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2
Correct
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1
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Correct
Correct
0.7695 0.69255 0.623295 0.560966
BATC632
Login ID
Qs. No Questions
1 Suzuki is able to reduce its manufacturing cost using:
a. Make -to-order
b. Assemble -to-order
c. Make -to-stock
d. All above
3 What were the two key things that XYZ management did to achieve productivity gains?
The computer determines the amount of each ingredient needed, according to the quantity of biscuits ordered
6
using which source of information?
a. Supply order
b. Production order
c. Bill of material
d. Master production schedule
A measure of capacity that generally does not include adjustments for preventive maintenance or unplanned
7
downtime is called:
a. Effective capacity
b. Safe capacity
c. Potential capacity
d. Actual capacity
8 In the assembly line balancing, cycle time ( the ratio of available production time to scheduled production) is the:
9 Which one is not connected to decision taken by Suzuki to make sourcing hub:
a. Ingredients
b. Flavourings
c. Biscuit fillings
d. Final biscuit
a. A characteristic of a product or service that will contribute to winning business from customers.
b. A characteristic of a product or service that a customer does not expect.
c. A characteristic of a product or service that a customer expects as a minimum standard.
d. A characteristic presents only in a high quality product or service.
What is the breakdown quantity of weekly production for this particular situation: fixed cost: Rs 1,500 per week;
14
variable cost: Rs 3 per unit; revenue: Rs 6 per unit
a. 200
b. 500
c. 600
d. 300
15 Subcontracting:
a. Handling
b. Insurance
c. Storage
d. Annualized cost of material
a. Run time
b. Machining time
c. Set up time
d. 1 and 2
------------- forecasts are used introducing new products, have time horizon of 2-5 years and to establish new
18
facility
a. Long-range
b. Intermediate? Range
c. Short? Range
d. Demand planning
a. Cost reduction
b. Supply of excessive spares
c. Meeting customer perceptions
d. None of above
23 When calculating inventory cost, which of the following is not included as costs to place an order?
a. Phone calls
b. Clerical costs
c. Calculating quantity to order
d. Taxes
24 All of the following are possible reasons for using the first come first served rule in service systems except:
a. It is easy to apply
b. It guarantees the shortest throughput time
c. Viewed as fair by the waiting customer
d. Requires no computations
25 Which one of the following would not generally be considered an aspect of operation management?
a. Work methods
b. Securing financial resoruces
c. Maintaining quality
d. Product or services
a. Planning report
b. Exception report
c. Planned order schedule
d. Bill of materials report
c. The aim of Johnson's rule is to minimize the flow time from the beginning of the first job until the finish of the last
d. Johnson's rule is used when there are n jobs to schedule on two machines.
a. Lean manufacturing
b. Kaizen
c. Just-in-time
d. All above
a. Group layout
b. Fixed position layout
c. Retail service office layout
d. Functional layout
1194645
Qs. No
1 The ability to change a product or service offering to suit customer's need is called:
a. Quality
b. Flexibility
c. Dependability
d. Speed
a. Product leadership
b. Building financial resources
c. Customer satisfaction
d. Operational excellence
3 Dabbawalla give code number on each lunchbox to avoid wrong deliveries. This is methodology is called:
a. Kaizen
b. Kanban
c. Poka Yoke
d. TPM
4 Subcontracting:
a. Transportation Method
b. Center of Gravity Method
c. Waiting Line Analysis
d. Factor Rating
a. Lean Manufacturing
b. Division of Labour
c. Mass Production
d. Parts interchangeability
9 What is the breakdown quantity of weekly production for this particular situation: fixed cost: Rs 1,500 per week;
a. 200
b. 500
c. 600
d. 300
10 The typical goal used when developing a processs-oriented layout strategy is to:
a. Run time
b. Machining time
c. Set up time
d. 1 and 2
a. Cost reduction
b. Supply of excessive spares
c. Meeting customer perceptions
d. None of above
13 Which of the following does not fit with an efficient supply chain?
14 Which of the following is most closely related to the reason a firm might implement MRP?
16 Which of the following would not generally be classified as a regional factor in location decisions?
20 Which of the following would not be considered an input in the airline business?
a. Flight crew
b. Ground equipment
c. Fuel
d. All of the above
a. Planning report
b. Exception report
c. Planned order schedule
d. Bill of materials report
24 How can the company afford to pay it workers for productivity gains?
28 Mobike is:
a. Tangible product
b. A durable product
c. Uses raw material inputs
d. All above
Correct Option
1
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Ma
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1
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1
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1
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1
Ma
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BATC632
Login ID 1209072
Qs. No Questions
1 According to the Rocket Model, the first step to building high-performance teams is to:
2 Which of the following statements about common sense is most likely true?
4 Which of the following statement about the normative decision model is true?
a. The model shifts focus away from the leader and followers to the situation.
b. Decision tree questions focus on the problem and situational factors.
c. The model focuses of the effects of formal authority systems.
d. It is about personal opinions rather than theory.
The process by which an older and more experienced person helps to socialize and encourage younger
5
organisational colleagues is called:
a. evaluating
b. consulting
c. mentoring
d. networking
Many aspects of office arrangements can affect a leader's or follower's power. Which of the following
6
statements is true in relation to this statement?
7 In the informal coaching process, a leader is most likely to inspire commitment from a follower by ----.
8 In the informal coaching process, a leader is most likely to help a follower to grow skills by.
Which of the following involves participants being given a limited amount of time to priotize and respond to a
9
numner of notes, phone messages, and letters?
a. Virtual simulations
b. Role playing
c. In-basket exercises
d. Case studies
a. valued rewards
b. follower maturity
c. task structure
d. leader-member relations
Which of the following statements is most likely accurate concerning the thinking-feeling dimension of the Myers-
11
Briggs Type indicator (MBTI) test?
12 In leaderless group dicsussions, facilitators and observers rate participants and provide feedback about ---- skills.
a. supervisory
b. interpersonal
c. planning
d. time management
a. Compensation
b. Praise
c. Personal growth
d. Time off
Which is the reason behind the usage of the phrase "desirable oppurtunities" in one of the definitions of
14
leadership?
a. stereotyping
b. self-serving bias.
c. ultimate attribution error.
d. actor/observer difference.
------ power is a function of the amount of knowledge one possesses relative to the rest of the members of a
16
group.
a. Reward
b. Referent
c. Coercive
d. Expert
18 Leadership training program for mid-level managers are LEAST likely to focus on improving ---- skills.
a. strategic planning
b. time management
c. oral communication
d. interpersonal
In the OCEAN model, the personality dimensions concerned with curiuosity, innovative thinking, and assimilating
19
new information is known as:
a. openness to experience
b. extraversion
c. conscientiousness
d. neuroticism
----- is exercised in the service of higher goals to others or organizations and often involves self-sacrifice toward
20
those ends.
a. Democracy
b. Personalized power
c. Socialized power
d. Management motivation
a. Participative
b. Transformational
c. Charismatic
d. Transactional
Followes are more likely to use ---- power to change their leader's behaviour if they have a relatively high amount
22
of referent power with their fellow co-workers.
a. reward
b. coercive
c. legimiate
d. expert
a. vaguely worded
b. challenging
c. general
d. easy
A leader who has extensive konwledge and experience in leading a pharmaceutical research team may feel
25 uncomfortable and unprepared when asked to lead a major fund-raising effort for a charitable institution. This
example illustrates that practical intelligence is most likely:
Which of the following involves confronting your beliefs, inviting others to challenge you, and working on
26
personal blind spots?
a. Fundamental attribution
b. Double-loop learning
c. Self-fulfilling learning
d. Single-loop learning
According to the OCEAN model, individuals who appear to be socially clueless, insensitive, pessimistic, and
27
grumpy may be low in:
a. leadership competence
b. aggreableness
c. neuroticism
d. charisma
28 Which of the following is a conventional distinction that is made between managers and leaders?
a. consistency
b. planning
c. control
d. vision
1197813
Qs. No
1 Which of the following statements concerning intelligence is most likely true?
a. Most research shows that leaders posses hgher levels of creative intelligence than the general population.
b. Most research shows that leaders posses hgher levels of analytic intelligence than the general population.
c. Most research shows that leaders posses hgher levels of practical intelligence than the general population.
d. Most research shows that creative, analytic, and practical intelligence are not interrelated.
3 In leaderless group discussions, facilitators and observers rate participants and provide feedback about ---- skills.
a. supervisory
b. interpersonal
c. planning
d. time management
4 What is a frequent lesson learned by both men and women from their career experiences?
5 Which of the following statements is most likely accurate concerning the thinking-feeling dimension of the Myers-
Many aspects of office arrangements can affect a leader's or follower's power. Which of the following
6
statements is true in relation to this statement?
7 The process by which an older and more experienced person helps to socialize and encourage younger
a. evaluating
b. consulting
c. mentoring
d. networking
A leader who has developed close interpoersonal relationships with followers generally uses ----- power to
8
influence them.
a. legitimate
b. referent
c. coercive
d. reward
12 ----- is exercised in the service of higher goals to others or organizations and often involves self-sacrifice toward
a. Democracy
b. Personalized power
c. Socialized power
d. Management motivation
13 In the informal coaching process, a leader is most likely to help a follower to grow skills by.
14 Leadership development is enhanced when experience involves the three processes of:
16 The ability to control others through the fear of punishment or the loss of valued outcomes is known as:
a. expert power.
b. reward power.
c. legitimate power.
d. coercive power.
17 Leadership training program for mid-level managers are LEAST likely to focus on improving ---- skills.
a. strategic planning
b. time management
c. oral communication
d. interpersonal
18 Which of the following statement about the normative decision model is true?
a. The model shifts focus away from the leader and followers to the situation.
b. Decision tree questions focus on the problem and situational factors.
c. The model focuses of the effects of formal authority systems.
d. It is about personal opinions rather than theory.
19 Followes are more likely to use ---- power to change their leader's behaviour if they have a relatively high amount
a. reward
b. coercive
c. legimiate
d. expert
If a decision has a rational or objectively determinable "better or worse" alternative, the leader should select the
20
better alternative. This most likely refers to:
a. strategic agility
b. decision acceptance
c. problem solving
d. decision quality
21 What should leaders first assess in order to apply the situational leadership model?
a. The level of task and relationship behaviour that will likely produce successful outcomes.
b. The readiness level of the follower relative to the task to be accomplished.
c. The leader's behaviour that best suits the current situation and task.
d. The historical behaviour patterns of the leader and follower.
a. valued rewards
b. follower maturity
c. task structure
d. leader-member relations
When students respond positively to requests from teachers who are well-liked and respected, it can be inferred
26
that the teachers have:
a. expert power.
b. referent power.
c. legitimate power.
d. coercive power.
Which of the following involves participants being given a limited amount of time to priotize and respond to a
27
numner of notes, phone messages, and letters?
a. Virtual simulations
b. Role playing
c. In-basket exercises
d. Case studies
a. Dynamism
b. Risk-taking
c. Efficiency
d. Creativity
5 Which of the following is NOT one of the components of the Rocket Model of Team Effectiveness?
Vision
Many aspect of office arragements can affect a leader's or follower's power. Which of the following statements is
6
true in relation to this statement?
Individuals sitting at the ends of rectangular tables often wield more Power
Which of the following refers to one person's actual behaviors designed to change another person's attitudes,
7
beliefs, values, or behaviors?
Influence tactics
8 Which of the following statements about high-LPC leaders is most likely true?
They are primarily satisfied by establishing and maintaining close interpersonal relationships.
9 A situation in which one's expectations or predictions help determine the very results predicted is referred to as:
self-fulfilling prophecy
What is the reason behind the usage of the phrase "desirable opportunities" in one of the definitions of
10
leadership?
To distinguish between leadership and tyranny
12 In perception, which term refers to the process of assigning underlying causes to behaviors?
Attribution
Which term refers to a kind of learning between the individual and the environment in which learners seek
16
relatively little feedback that may significantly confront their fundamental ideas or actions
Single-loop learning
17 All of the followign are accepted among the major definitions of emotional intelligence Except:
the ability to react to stressful situations and adapt appropriately to obtain positive, long-term outcomes
19 Which of the following statements about the rational and emotional aspects of leadership is most likely false?
Good leadership involves touching others' feelings.
20
Correct 60
Maybe Correct 0
Correct Option
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#VALUE!
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