(Test Bank) Business Analytics Data Analysis & Decision Making

Albright,Winston, 7

Business

Test Bank

7th Edition

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Test Bank for Business Analytics Data Analysis & Decision Making, The downloadable file consists of 773 pages, and the total size of the file is 9.35 MB. Purchase now only for highly discounted price.

Author(s): Albright, Winston

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Study Note Preview

Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 1 True / False 1. Data analysis includes data description , data visualization , data inference , and the search for relationships in data. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 2. Decision making includes optimization techniques for problems with certainty, decision analysis for problems with certainty, and structured sensitivity analysis . a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 3. A relatively new aspect of business analytics is big data, which typically implies the analysis of the very large data sets that companies currently encounter. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.1 Introduction OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 4. Three important themes run through the Business Analytics: Data Analysis & Decision Making text: data Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 2 analysis, decision -making, and dealing with uncertainty. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 5. Decision trees and simulations cannot be implemented with the built-in or add-in tools in Excel®. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Data Methods DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 6. Although it is relatively easy to collect data, it can be more challenging to understand what the data mean. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Data Methods DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 7. When we use simulation models to help make decisions, we do not deal with uncertainty, because we can carry out calculations and avoid performing inferences. a. True b. False ANSWER: False Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 3 POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 8. We must deal with uncertainty when we make inferences from data and search for relationships in data, or when we use decision trees to help make decisions. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 9. @Risk is an Excel® add-in that can be used to conduct a simulation. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Data Methods DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 10. The authors of the Business Analytics: Data Analysis & Decision Making text use spreadsheet modeling, particularly Excel spreadsheets, where the essential elements are entered for further analysis. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 4 HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:14 PM 11. Spreadsheet models typically involve inputs, decision variables, and outputs. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 12. Spreadsheet modeling is the process of entering the outputs into a spreadsheet and then relating them appropriately, by means of formulas, to obtain the decision variables. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 13. When creating a spreadsheet model it is important to keep sensitivity in mind, because other people will be reading and trying to make sense out of your spreadsheet models. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 5 DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 14. A few ways to enhance the readability of a spreadsheet model is to use a clear, logical layout of the overall model, and to use clear headings for different sections of the model and for all inputs, decision variables, and outputs. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 15. Excel’s IF function can be used to determine if an expression is true or false. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM Multiple Choice 16. The decision -making themes covered in Business Analytics: Data Analysis & Decision Making include which of the following? a. Optimization techniques b. Decision analysis with uncertainty c. Structured sensitivity analysis d. All of these choices ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 6 OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:19 PM 17. Which statement is not true? a. Dealing with uncertainty includes measuring uncertainty. b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis. c. Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution. d. Dealing with uncertainty requires a basic understanding of probability. ANSWER: c POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 18. What is not one of the important themes of your Business Analytics: Data Analysis & Decision Making text? a. Data analysis b. Dealing with uncertainty c. Decision making d. Data mining ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:19 PM 19. Data analysis includes a. data description. b. data inference. c. the search for relationships in data. d. all of these choices. ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 7 TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:18 PM 20. Which of the following is not one of the “intermediate” features of Excel that the authors expect you to be able to use? a. SUMPRODUCT b. VLOOKUP c. IF d. NPV e. DIFFERENCEPRODUCT ANSWER: e POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 21. Which of the following would not be included under data analysis? a. Measuring uncertainty b. Data description c. Data inference d. Search for relationships ANSWER: a POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:18 PM 22. The decision making process includes a. optimization techniques for problems with no uncertainty. b. decision analysis for problems with uncertainty. c. sensitivity analysis. d. all of these choices. ANSWER: d POINTS: 1 Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 8 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:18 PM 23. Which tool is an Excel® add-in for performing what -if analyses? a. PrecisionTree b. TopRank c. Solver d. @Risk e. StatTools ANSWER: b POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 24. Which of the following statements are true? a. Three important themes run through the book: data analysis, decision making, and uncertainty. b. Data analysis includes data description, data inference, and the searching for relationships in data c. Decision making includes optimization technique s for problems with no uncertainty, decision analysis for problems with uncertainty, and structured sensitivity analysis. d. All of these statements are true. ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:17 PM 25. Which of the following statements is false? a. A two-way table allows you to see how a single output cell varies as you vary two input cells. b. The SUMPRODUCT function takes two range arguments, which must be exactly the same size and shape, and it sums the products of the corresponding values in these two ranges. Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 9 c. The purpose of the Auditing Toolbar is to solve one equation in with one unknown. d. The NPV function takes two arguments, the discount rate and a stream of cash flows. ANSWER: c POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 26. Which of the following statements are false? a. Decision -making includes optimization techniques for problems with no uncertainty, decision analysis for problems with uncertainty, and structured sensitivity analysis . b. The three themes of this book are data analysis, decision making, and uncertainty. c. Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitl y. d. None of these statements are false. ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 27. Which of the following is true? a. When entering an expression of text into an excel function, it must be enclosed in double quotes. b. A spreadsheet model should always include input numbers, rather than cell references, in formulas. c. If we enter A1:A5 as part of an Excel function, this refers to cells A2, A3, and A4…the cells that are between A1 and A5, exclusive. d. All of these statements are true. ANSWER: a POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.2 Overview of the Book | 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 10 28. Which of the following Excel® functions can be used for finding a particular value based on a comparison? a. IF b. SUMPRODUCT c. VLOOKUP d. NPV ANSWER: c POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 29. In Excel®, the model outputs are a. the numeric values that result from combinations of inputs and decision variables through the use of logical formulas. b. useful for making formulas more readable. c. the variables a decision maker has control over to obtain the best solutions. d. useful for finding a particular value based on a comparison. ANSWER: a POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM 30. Which is an Excel® add-in for simulation? a. PrecisionTree b. TopRank c. Solver d. @Risk ANSWER: d POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False TOPICS: A-Head: 1.3 Introduction to Spreadsheet Modeling OTHER: BUSPROG: Analytic | DISC: Decision Making Chapter 01: Introduction to Business Analytics Copyright Cengage Learning. Powered by Cognero. Page 11 DATE CREATED: 1/14/2019 12:07 PM DATE MODIFIED: 3/27/2019 12:15 PM Chapter 02: Describing the Distribution of a Variable Copyright Cengage Learning. Powered by Cognero. Page 1 True / False 1. Age, height, and weight are examples of numerical data. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 2. Data can be categorized as cross -sectional or time series. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 3. All nominal data may be treated as ordinal data. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 4. Categorical variables can be classified as either discrete or continuous. a. True b. False Chapter 02: Describing the Distribution of a Variable Copyright Cengage Learning. Powered by Cognero. Page 2 ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 5. A population includes all elements or objects of interest in a study, whereas a sample is a subset of the population used to gain insights into the characteristics of the population. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Statistical Inference DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 6. The number of car insurance policy holders is an example of a discrete numerical variable. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Understand QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 7. A variable (or field or attribute) is a characteristic of members of a population, whereas an observation (or case or record) is a list of all variable values for a single member of a population. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember Chapter 02: Describing the Distribution of a Variable Copyright Cengage Learning. Powered by Cognero. Page 3 QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 8. Phone numbers, Social Security numbers, and zip codes are typically treated as numerical variables. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate | Bloom's: Apply QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 9. Cross -sectional data are data on a population at a distinct point in time, whereas time series data are data collected over time. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 10. A data set is typically a rectangular array of data, with observations in columns and variables in rows. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics Chapter 02: Describing the Distribution of a Variable Copyright Cengage Learning. Powered by Cognero. Page 4 DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 11. Both ordinal and nominal variables are categorical. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-2 Basic Concepts OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 12. The median of a data set with 30 values would be the average of the 15th and the 16th values when the data values are arranged in ascending order. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-4 Summarizing Numeric Variables OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 13. The only meaningful way to summarize categorical data is with counts of observations in the categories. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy | Bloom's: Remember QUESTION TYPE: True / False HAS VARIABLES: False TOPICS: A-Head: 2-3 Summarizing Categorical Variables OTHER: BUSPROG: Analytic | DISC: Descriptive Statistics DATE CREATED: 1/14/2019 12:08 PM DATE MODIFIED: 3/27/2019 4:16 PM 14. Using dummy variables is an efficient way of determining counts of categorical variables.