WGU C207 Data-Driven Decision Making 1 QUESTIONS WITH 100 % CORRECT ANSWERS |VERIFIED
4 views 0 purchase
Course
WGU C207 Data-Driven Decision Making 1
Institution
WGU C207 Data-Driven Decision Making 1
Systematic Errors - ️️Errors in measurement that are constant within a data set,
sometimes caused by faulty equipment or bias
Davenport-Kim Three-Stage Model - ️️A decision-making model developed by
Thomas Davenport and Jinho Kim that consists of three stages: framing the problem,
solvi...
WGU C207 Data-Driven Decision Making
1
Systematic Errors - ✔️✔️Errors in measurement that are constant within a data set,
sometimes caused by faulty equipment or bias
Davenport-Kim Three-Stage Model - ✔️✔️A decision-making model developed by
Thomas Davenport and Jinho Kim that consists of three stages: framing the problem,
solving the problem, and communicating results
.
Benchmarks - ✔️✔️Standards or points of reference for an industry or sector that can
be used for comparison and evaluation.
Analytics - ✔️✔️The discovery, analysis, and communication of meaningful patterns in
data.
Big Data - ✔️✔️A catch-phrase that describes a massive volume of data that is so
large that it's difficult to process using traditional database and software techniques.
Nominal - ✔️✔️Data sometimes called categorical data or qualitative data, this data
type is used to label subjects or data by name
Ordinal Data - ✔️✔️Data that places data objects into an order according to some
quality with higher order indicating more of that quality
Ratio Data - ✔️✔️Similar to interval data in that the data that is ordered within a range
and with each data point being an equal interval apart, also has a natural zero point
which indicates none of the given quality.
Statistics - ✔️✔️The science that deals with the interpretation of numerical facts or data
through theories of probability. Also, the numerical facts or data themselves
Continuous Data - ✔️✔️Data that can lay along any point in a range of data
Discrete Data - ✔️✔️Data that can only take on whole values and has clear boundaries
Reliable Data - ✔️✔️Data that is consistent and repeatable
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
