WGU C207 Data Driven Decision Making exam with verified answers 2023

Z-Score correct answersData 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 correct answersHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule correct answersA method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the likelihood of all of the events happening. Word Hint: And Addition Rule correct answersA method for finding the probability that either or both of two events occur. When two events, A and B, are mutually exclusive, the probability that A or B will occur is the sum of the probability of each event. Word Hint: Either/or. Combination Rule correct answersHow many combinations can be made. Bayes Theorem correct answersProbability of an event , based on conditions that might be related to the event. Conditional probability. A formula that calculates conditional probabilities. Important for understanding how new information affects the probabilities of outcomes. Word Hint: Given that. Median correct answersNumber halfway into the data set. Hint Word: Typical