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...
WGU Data Driven Decision Making -
C207
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 hypothesized null sample
Analysis of Variance (ANOVA) - Answer a technique used to determine if there is a
sufficient evidence from sample data of three or more populations to conclude that the
means of the population are not all equal
Analytics - Answer The discovery, analysis, and communication of meaningful patterns
in data.
Autocorrelation - Answer A relationship between two variables that is inherently non-
linear
Balanced Scorecard - Answer An approach using multiple measures to evaluate
performance, including financial measures, and the non-financial measures of
customers, internal business processes, and learning and growth.
Bar chart - Answer A graph that measures the distribution of data over discrete groups
or categories.
Benchmarks - Answer Standards or points of reference for an industry or sector that can
be used for comparison and evaluation.
Big Data - Answer very large amounts of data; an all-encompassing term for any
collection of data sets so large and complex that it becomes difficult to process them
using traditional data processing applications
Blind Study - Answer A study performed where the participants are not told if they are in
the treatment group or control group
body mass index (BMI) - Answer A measure, based on a person's weight and height,
that is used to classify people as underweight or overweight.
Business process - Answer A sequence of logically related and time based work
activities to provide a specific output for a customer.
Central Limit Theorem - Answer A theorem that states that, the greater the sample, the
closer the mean of the sample is to the entire population and the more the results will
look like a normal distribution
, WGU Data Driven Decision Making -
C207
Cluster Analysis - Answer The process of arranging terms or values based on different
variables into "natural" groups
Cointegration - Answer Occurs when two time series are moving with a common pattern
due to a connection between the two time series
Combination - Answer The number of different unordered possibilities for a certain
situation.
Complement - Answer The occurrence of an event not happening, the opposite
Confidence interval - Answer An interval estimate used to indicate reliability
Continuous Data - Answer Data that can lay along any point in a range of data
Control chart - Answer A graphic display of process data over time and against
established control limits, and that has a centerline that assists in detecting a trend of
plotted values toward either control limit.
Control limits - Answer The area composed of three standard deviations on either side
of the centerline, or mean, of a normal distribution of data plotted on a control chart that
reflects the expected variation in the data
Criterion-reference test - Answer compare an individual to certain defined standards
Critical Success Factors - Answer The important things an entity must do to be
successful, such as quality measures, customer service, or efficiency.
Cumulative Average-Time Learning Model - Answer A learning curve model in which
the cumulative average time per unit declines by a constant percentage each time the
cumulative quantity of units produced is doubled
Cumulative distributions - Answer The probability that a random variable will be found at
a value less than or equal to a given number
Customer satisfaction - Answer A measure of the extent to which customers are
satisfied with the products and related services they received from a supplier.
Cycle time - Answer The total elapsed time to move a unit of work from the beginning to
the end of a physical process, as defined by the producer and the customer.
Cyclicality - Answer Repetition of up (peaks) or down movements (troughs) that follow
or counteract a business cycle that can last several years
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
