COMBINED WGU C207 Data Driven Decision Making Graded A Exam Questions And Answers 2024

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 - b A manufacturer wants to maximize their factory output while specifically...

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 - a What are two reasons for the increasing use of analytics in organizational dec...

Descriptive - Past data only; Not predicting or optimizing Predictive - Past to predict the future; Predicting, no optimizing Prescriptive - Past to predict the future and optimizing Omission - Missing information Out of Range - Doesn't match the data or not true Reliable - Constant ...

Z-Score - Data 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 - How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule ...

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 - c multiple linear regression Company A sells its 12,000th unit of the year. Wit...