100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
C207 WGU Data Driven Decision Making - all Questions & answers solved accurately with Complete Solution Graded A+ latest version $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU
  4.  
  5. WGU
  6.  
  7. WGU

Exam (elaborations)

C207 WGU Data Driven Decision Making - all Questions & answers solved accurately with Complete Solution Graded A+ latest version
 3 views  0 purchase
  • Course
  • WGU
  • Institution
  • WGU

C207 WGU Data Driven Decision Making - all Questions & answers solved accurately with Complete Solution Graded A+ latest version

Preview 2 out of 13  pages

Document information

  • July 6, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • c207 wgu data driven decision making all questi

Written for

  • WGU
All documents for this subject (6273)

Seller

avatar-seller
stephanvdb04

Reviews received

Content preview

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

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.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 stephanvdb04. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

70055 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart