WGU C207 Data Driven Decision Making Q&A Exam Bundle

Z-ScoreData 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. VarianceHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication RuleA metho...

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 Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to...

Which term can be used to describe managerial decisions?Prescriptive 2 reasons for the increase in use of analytics in organizational decision making?1. Relatively low cost of computer storage 2. Higher computer processing power How does probability theory inform decision-making for managers?...

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

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? a. Prescriptive b. Predictive c. Pareto chart d. Biased a What are two reasons for the increasing use of analytics in organizational decis...

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? Predictive What are two reasons for the increasing use of analytics in organizational decision making? Relatively lower cost of computer storage ...