WGU C207 Data Driven Decision Making bundle

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - answer b A manufacturer wants to maximize their factory output while speci...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to - answer Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they ...

Z-Score - answer Data points only. Measurement of a scores relationship to the mean. A statistical measure that indicates the number of standard deviations a data point is from its mean. Variance - answer How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multip...

Prescriptive - answer Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions Relatively lower cost of computer storage Higher computer processing power - answer What are two reasons for the increas...

Activities (RBM stage) - answer second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - answer The argument that either a sample is not equal to, greater than, or less than the hypothesize...