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

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

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  • c207 wgu data driven decision making all questi

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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.

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