Q1.

Read the following problem to answer the question given below:

“A manufacturer produces three models: I, II and III of a certain product. He uses two types of raw
material: A and B of which 4000 and 6000 units are available, respectively. The raw material
requirements per unit of the three models are given below:
Raw material Requirements per unit of given model
I II III
A 2 3 5
B 4 2 7
A market survey indicates that the minimum demand for the three models is 300, 200 and 500 units,
respectively. Assume that the profit per unit of models I, II and III is Rs. 60, Rs. 40 and Rs. 100
respectively. Determine the number of units of each product that will maximize the profit.”
To solve the above problem, the Solver parameters are set as per the following image:

Question: Based on above Solver parameters, you are required to set up the problem in MS Excel. What
values/formulas should be filled in the spaces 1,2,3, …., 29, in the image given below, to complete the
problem set-up in Excel.
Q2. The following output of Regression analysis is obtained in MS Excel, considering “Profit” as the
dependent variable:

Answer the following questions based on the above output:

a. Which variables are used as predictors(or independent variables) in the regression model?
b. Is the Regression Model significant? Why/Why not?
c. Which independent variable has the most significant influence on “Profit”?
d. What is the value of the coefficient of determination? What is its interpretation?
e. How do ‘Competitors’ influence “Profit”?
f. Interpret the slope of ‘Age’.
g. Interpret the value of the intercept.
h. Write the linear equation for predicting “Profit” in terms of the independent variables.
Q3. The regression outputs for two models namely Model 1 and Model 2 for predicting ‘Profit’ are given
below. Which of the two models is more accurate? Why?

Q4. Which type of graph(s)/chart(s) is/are appropriate for visualizing the following: Support your answer
with suitable reason(s)?
a. Date wise Profit
b. Product-category wise Profit
c. Relationship between Sales and Profit
d. Year wise Profit as well as Sales in one visualization
e. Country wise Profit
Q5. On the basis of the following Input data and Output summary obtained from excel Scenario manager,
answer the questions given below:
Input Data

Output Summary

Questions:
a. Which is the target (output) variable?
b. In each of the three scenarios, which input variables are changed / varied?
c. Which scenario (alternative) should be chosen? Why?
Q6. On the basis of the following sample data and Regression output, answer the questions given below.
The variable ‘Price’ and ‘Area’ are continuous variables representing price and area of the house. The
variable AirCon is a categorical variable with two categories: ‘1’ indicating air conditioner is installed and
‘0 indicating’ air conditioner is not installed in the house.

Questions:
a. Which is the reference category for the variable AirCon?
b. How does AirCon influence Price?
Q7. What is a ‘Dashboard’? Explain various types of Dashboards:
Q8. Explain the utilities of various options available in the Marks Card in Tableau.
Q9. Answer the following questions within the context of Tableau:
a. How do you distinguish between the following variable types in Tableau: String variables,
Numeric variables, Dates, Geographic variables?
b. What is the difference between Dimensions and Measures?
c. What is the utility of ‘Context’ filter?
d. What type of filtering options can be applied on: 1) Dimensions, 2) Measures, 3) Dates
e. What is the difference between ‘Tiled’ and ‘Floating’ options while creating a dashboard?
Q10. Explain the following with examples: Descriptive Analytics, Predictive Analytics and
Prescriptive Analytics.
Q11. Discuss the tools and techniques that are used for 1) Descriptive Analytics, 2) Predictive
Analytics and 3) Prescriptive Analytics
Q12. Explain the difference between ‘Business Metrics’ and ‘Key performance Indicators’ (KPIs),
with an example.
Q13. Discuss the following Business Metrics:
a. Early Turnover
b. Operating Expense Ratio
c. Year-over-Year Growth
d. Sales Expense Ratio
e. Operating Expense Ratio
f. Click through Rate
g. Virality Rate
h. Gross Profit Margin
i. Market Penetration
Q14. Discuss the applications of various types of Business Analytics in the following business
functions:
a. Marketing
b. Human Resources
c. Sales
d. Finance
e. Operations/Supply Chain
Q15. Explain the difference between the following:
a. Structured and Unstructured Data
b. Business Analytics and Data Analytics