C207 WGU Data Driven Decision Making exam 2023 with 100% correct answers WGU C207 Data Driven Decision Making Module 5 exam with correct answers
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Activities (RBM stage) correct answerssecond step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis correct answersThe argument that either a sample is not equal to, greater than, or less than the...
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Add to cartActivities (RBM stage) correct answerssecond step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis correct answersThe argument that either a sample is not equal to, greater than, or less than the...
Descriptive correct answersPast data only; Not predicting or optimizing Predictive correct answersPast to predict the future; Predicting, no optimizing Prescriptive correct answersPast to predict the future and optimizing Omission correct answersMissing information Out of Range correct a...
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Add to cartDescriptive correct answersPast data only; Not predicting or optimizing Predictive correct answersPast to predict the future; Predicting, no optimizing Prescriptive correct answersPast to predict the future and optimizing Omission correct answersMissing information Out of Range correct a...
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, sprea...
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Add to cartZ-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, sprea...
(Quiz 1) 1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms correct answersB (Quiz 1) 2. A manufacturer wants to maximize thei...
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Add to cart(Quiz 1) 1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms correct answersB (Quiz 1) 2. A manufacturer wants to maximize thei...
Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased correct answersa What are two reasons for the increasing use of analytics in organ...
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Add to cartAnalytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased correct answersa What are two reasons for the increasing use of analytics in organ...
Analytics is a board term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? correct answersPrescriptive What are two reasons for increasing use of analytics in organizational decision-making? Choose 2 Answers correct answe...
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Add to cartAnalytics is a board term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? correct answersPrescriptive What are two reasons for increasing use of analytics in organizational decision-making? Choose 2 Answers correct answe...
How would a greater number of samples and a fewer number of populations affect an ANOVA analysis? correct answersThe results would be more accurate. Mary is determining the likelihood that she will lose money on an investment. There is an expected 10 percent gain in a normally distributed dataset...
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Add to cartHow would a greater number of samples and a fewer number of populations affect an ANOVA analysis? correct answersThe results would be more accurate. Mary is determining the likelihood that she will lose money on an investment. There is an expected 10 percent gain in a normally distributed dataset...
How would a greater number of samples and a fewer number of populations affect an ANOVA analysis? correct answersThe results would be more accurate. Mary is determining the likelihood that she will lose money on an investment. There is an expected 10 percent gain in a normally distributed dataset...
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Add to cartHow would a greater number of samples and a fewer number of populations affect an ANOVA analysis? correct answersThe results would be more accurate. Mary is determining the likelihood that she will lose money on an investment. There is an expected 10 percent gain in a normally distributed dataset...
Analytics is a broad term that refers to a variety of tools that inform managerial decisions. correct answersPrescriptive What are two reasons for the increasing use of analytics in organizational decision making? correct answersRelatively lower cost of computer storage Higher computer processin...
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Add to cartAnalytics is a broad term that refers to a variety of tools that inform managerial decisions. correct answersPrescriptive What are two reasons for the increasing use of analytics in organizational decision making? correct answersRelatively lower cost of computer storage Higher computer processin...
Define analytics correct answersTurning information into knowledge and developing fact based strategies to gain a competitive edge. Descriptive/Diagnostic analytics correct answersEncompasses the set of techniques that describes what has happened in the past. Predictive analytics correct answe...
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Add to cartDefine analytics correct answersTurning information into knowledge and developing fact based strategies to gain a competitive edge. Descriptive/Diagnostic analytics correct answersEncompasses the set of techniques that describes what has happened in the past. Predictive analytics correct answe...
Affinity diagram correct answersA tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. Analysis of Variance (ANOVA) correct answersA statistical method that helps identify the sources of variability by comparing their means or averages; it compa...
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Add to cartAffinity diagram correct answersA tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. Analysis of Variance (ANOVA) correct answersA statistical method that helps identify the sources of variability by comparing their means or averages; it compa...
Results-based management (RBM)* correct answersmanagement strategy that uses results as the central measurement of performance life-cycle approach correct answersdynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new t...
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Add to cartResults-based management (RBM)* correct answersmanagement strategy that uses results as the central measurement of performance life-cycle approach correct answersdynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new t...
Confidence Interval correct answersAn interval estimate used to indicate reliability Probability Density Function correct answersOften used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it Standard Deviation co...
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Add to cartConfidence Interval correct answersAn interval estimate used to indicate reliability Probability Density Function correct answersOften used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it Standard Deviation co...
Results-based management (RBM)* correct answersmanagement strategy that uses results as the central measurement of performance Assess: What is the current situation? Think: What caused it? Who is involved? Envision: What are we going to achieve? Plan: How are we going to do it? With whom? When? W...
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Add to cartResults-based management (RBM)* correct answersmanagement strategy that uses results as the central measurement of performance Assess: What is the current situation? Think: What caused it? Who is involved? Envision: What are we going to achieve? Plan: How are we going to do it? With whom? When? W...
A SIPOC diagram helps you manage quality in which of the following ways? a It helps you understand how process elements fit together. b It ensures you focus on the internal work you and your team do. c It ensures that "what gets measured gets done." d It emphasizes how stakeholders perceive ...
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Add to cartA SIPOC diagram helps you manage quality in which of the following ways? a It helps you understand how process elements fit together. b It ensures you focus on the internal work you and your team do. c It ensures that "what gets measured gets done." d It emphasizes how stakeholders perceive ...
The relationship between several independent variables and one dependent variable is shown using __________. a logistic regression b simple linear regression c multiple linear regression d nonlinear regression correct answersc multiple linear regression Company A sells its 12,000th unit of ...
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Add to cartThe relationship between several independent variables and one dependent variable is shown using __________. a logistic regression b simple linear regression c multiple linear regression d nonlinear regression correct answersc multiple linear regression Company A sells its 12,000th unit of ...
Quantitative analysis is another name for what? a) algebra b) mathematics c) statistics d) probability correct answersc) statistics If a dataset is presented on a scale of hours per week, which scale of measurement is being used? a) nominal b) ordinal c) interval d) ratio correct answ...
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Add to cartQuantitative analysis is another name for what? a) algebra b) mathematics c) statistics d) probability correct answersc) statistics If a dataset is presented on a scale of hours per week, which scale of measurement is being used? a) nominal b) ordinal c) interval d) ratio correct answ...
Results-based management does NOT need which of the following? a Statistically complex indicators b Constant monitoring c Collaboration between all participants d A common goal among everyone involved correct answersa Statistically complex indicators Results-based management uses simple ind...
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Add to cartResults-based management does NOT need which of the following? a Statistically complex indicators b Constant monitoring c Collaboration between all participants d A common goal among everyone involved correct answersa Statistically complex indicators Results-based management uses simple ind...
Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model? correct answersDavenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? correct answersFraming the problem In which stage of the Davenport-Kim mode...
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Add to cartFrame the Problem, Solving the Problem and Communicating Results are part of which decision making model? correct answersDavenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? correct answersFraming the problem In which stage of the Davenport-Kim mode...
Prescriptive Analytics correct answersIncludes experimental design and optimization to suggest a course of action. Can be used to to describe managerial decisions. Biased correct answers Pareto Chart correct answers Descriptive Analytics correct answers Probability theory correct answers...
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Add to cartPrescriptive Analytics correct answersIncludes experimental design and optimization to suggest a course of action. Can be used to to describe managerial decisions. Biased correct answers Pareto Chart correct answers Descriptive Analytics correct answers Probability theory correct answers...
Which of the following is NOT an application of statistics in business? a Determine the internet advertiser that will reach the most people from extensive page view data. b Determine a target market based on information on household incomes throughout the country. c Predict trends in certain in...
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Add to cartWhich of the following is NOT an application of statistics in business? a Determine the internet advertiser that will reach the most people from extensive page view data. b Determine a target market based on information on household incomes throughout the country. c Predict trends in certain in...
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