Data visualization a. Is the study of making graphical displays more simplistic by removing labels and scales. b. shows data graphically in new and imaginative ways. c. is the study of organizing data into linked tables using spreadsheets. d. shows data graphically only using traditional graphs like histograms, scatterplots, and bar graphs. MC.04.047 Which of the following most accurately explains Excel's Data Model and Power Pivot (in Excel 2016 or later versions)? a. A Data Model requires VLOOKUP functions to relate table data, and then Power Pivot can be used to create pivot tables from the related data. b. The Data Model is used to store and relate tables in Excel, and Power Pivot provides a user interface for using the Data Model to create pivot tables. C. The Data Model and Power Pivot are both Excel add-ins. You must check each of them in the add-ins list before you can use them. d. Excel's Data Model and Power Pivot are synonyms for the same technology for creating pivot tables based on large databases. Question 1. 2. 3. 4. 5. Exponential utility has an adjustable parameter called risk tolerance. The risk tolerance parameter measures a. how much money the decision maker has to spend. b. the probability of an unfavorable outcome. c how much risk there is in a given decision. d. the decision maker's attitude toward risk. 6. 7. 8. 9. 10. MC.06.032 Questions 2. 3. 4. 5. 6. 7. EMV criterion provides a rational way of making decisions a. under all circumstances. b. at least when the monetary payoffs and costs are of moderate" size relative to the decision maker's we cat least when the monetary payoffs and costs are large relative to the decision maker's wealth. d. when there is one outcome. e. under none of these situations. 8. 9. 10. MC.06.053 Questions 3. 4. 5. 6. 7. With regard to decision making, most individuals are a. risk maximizers b.risk averse C. EMV maximizers d. risk seekers 8. 9. 10. Icon Key