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WGU Data Driven Decision Making - C207 Latest Update with complete solution
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Big Data - ️️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 Central Limit Theorem - ️️A theorem that states that, the greater the sample, th...

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  • September 17, 2024
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  • 2024/2025
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WGU Data Driven Decision Making -
C207
Big Data - ✔️✔️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


Central Limit Theorem - ✔️✔️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

Analysis of Variance (ANOVA) - ✔️✔️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


Activities (RBM stage) - ✔️✔️second step involves the process that converts inputs to
outputs (actions necessary to produces results - training, evaluating, developing)

Alternative hypothesis - ✔️✔️The argument that either a sample is not equal to, greater
than, or less than the hypothesized null sample

Analytics - ✔️✔️The discovery, analysis, and communication of meaningful patterns in
data.

Autocorrelation - ✔️✔️A relationship between two variables that is inherently non-linear

Balanced Scorecard - ✔️✔️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 - ✔️✔️A graph that measures the distribution of data over discrete groups or
categories.

Benchmarks - ✔️✔️Standards or points of reference for an industry or sector that can
be used for comparison and evaluation.


Blind Study - ✔️✔️A study performed where the participants are not told if they are in
the treatment group or control group

, body mass index (BMI) - ✔️✔️A measure, based on a person's weight and height, that
is used to classify people as underweight or overweight.

Business process - ✔️✔️A sequence of logically related and time based work activities
to provide a specific output for a customer.


Cluster Analysis - ✔️✔️The process of arranging terms or values based on different
variables into "natural" groups

Cointegration - ✔️✔️Occurs when two time series are moving with a common pattern
due to a connection between the two time series

Combination - ✔️✔️The number of different unordered possibilities for a certain
situation.

Complement - ✔️✔️The occurrence of an event not happening, the opposite

Confidence interval - ✔️✔️An interval estimate used to indicate reliability

Continuous Data - ✔️✔️Data that can lay along any point in a range of data

Control chart - ✔️✔️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 - ✔️✔️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 - ✔️✔️compare an individual to certain defined standards

Critical Success Factors - ✔️✔️The important things an entity must do to be
successful, such as quality measures, customer service, or efficiency.

Cumulative Average-Time Learning Model - ✔️✔️A learning curve model in which the
cumulative average time per unit declines by a constant percentage each time the
cumulative quantity of units produced is doubled

Cumulative distributions - ✔️✔️The probability that a random variable will be found at a
value less than or equal to a given number

Customer satisfaction - ✔️✔️A measure of the extent to which customers are satisfied
with the products and related services they received from a supplier.

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