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
WGU C207 Pre Assessment Study Guide Exam Questions And Actual Answers. CA$14.06   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU C207
  4.  
  5. WGU C207

Exam (elaborations)

WGU C207 Pre Assessment Study Guide Exam Questions And Actual Answers.
 7 views  0 purchase
  • Course
  • WGU C207
  • Institution
  • WGU C207

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

[Show more]

Preview 2 out of 5  pages

Document information

  • September 12, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • managerial decisions

Written for

  • WGU C207
  • WGU C207

Seller

avatar-seller
TestSolver9

Reviews received

Content preview

WGU C207 Pre Assessment Study Guide
Exam Questions And Actual Answers.
Which term can be used to describe managerial decisions? - Answer Prescriptive



2 reasons for the increase in use of analytics in organizational decision making? - Answer 1. Relatively
low cost of computer storage

2. Higher computer processing power



How does probability theory inform decision-making for managers? - Answer By quantifying risk



Which type of data are the Olympic medals of gold, silver, and bronze examples of? - Answer Ordinal
data



What are two aspects of data quality management? - Answer 1. it reduces the amount of incomplete
data

2. it cleans data



2 attributes of data quality issues when evaluating sets of nominal data? - Answer 1. missing data

2. misspelled data



All scales are calibrated prior to use in measurement. Which type of error should this reduce? - Answer
Systemic error



An advertising manager creates a research study by presenting low, medium, or high frequency of the
same ad in matched markets. The manager then reports on sales in each market location. What is the
term for the different sales in this study? - Answer Response variable



A healthcare study follows a sample over time to identify how health habits of teenagers impact their
likelihood of acquiring disease later in life. Which type of research design does this study describe? -

, Answer Cohort study (a cohort study studies a group of people with a defining characteristic, typically
with a common event in a period, such as birth or graduation)



The likelihood of a record having a missing value is correlated to another variable in the dataset. Which
two types of errors might be introduced into the dataset if the removed record included missing values?
- Answer 1. Systematic Error

2. Omission error



Which two variables would be used in determining a campaign to maximize revenue gain from email
advertising? - Answer 1. Number of purchases per email

2. Spending per purchase



A company that raises turkeys is hoping to increase their rate of growth while controlling cost of feed.
Which decision-making technique is most appropriate to minimize cost of feeding birds? - Answer Linear
programming ( achieve the best outcome in a mathematical model whose requirements are represented
by linear relationships)



Compare outcomes of different drug testing results - Answer ANOVA (analyze differences among group
means in a sample)



Understand effective marketing to spend ad dollars efficiently - Answer Correlation



Monitor production process - Answer Control charts



Which two techniques apply in finding the probability that a patient needs treatment for a broken bone
AND a concussion? - Answer 1. intersection

2. multiplication principle



Which statistical rule can be used to determine the probability that a customer buys a plumbing product
GIVEN THAT this customer has purchased an electrical product? - Answer Bayes theorem



Which tool is used to illustrate a relationship or correlation between two variables? - Answer Scatterplot

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 TestSolver9. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$14.06. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 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
CA$14.06
  • (0)
  Add to cart