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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$14.99
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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
WGU C
Institution
WGU C
WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 LATEST VERSIONS (VERSION A AND
B) NEWEST 2024 ACTUAL EXAM TEST BANK
COMPLETE 400 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
WGU C207 Data-Driven Decision-Making Final Exam (Latest 2023/ 2024
Update) Questions and Verified Answers- 100% Correct| Already Grade
A
Activities (RBM stage) - ------CORRECT ANSWER -----second step involves the process that converts inputs
to outputs (actions necessary to produces results - training, evaluating, developing)
Alternative hypothesis - ------CORRECT ANSWER -----The argument that either a sample is not equal to,
greater than, or less than the hypothesized null sample
Analysis of Variance (ANOVA) - ------CORRECT ANSWER -----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
Analytics - ------CORRECT ANSWER -----The discovery, analysis, and communication of meaningful
patterns in data.
Autocorrelation - ------CORRECT ANSWER -----A relationship between two variables that is inherently
non-linear
Balanced Scorecard - ------CORRECT ANSWER -----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 - ------CORRECT ANSWER -----A graph that measures the distribution of data over discrete
groups or categories.
Benchmarks - ------CORRECT ANSWER -----Standards or points of reference for an industry or sector that
can be used for comparison and evaluation.
Big Data - ------CORRECT ANSWER -----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
Blind Study - ------CORRECT ANSWER -----A study performed where the participants are not told if they
are in the treatment group or control group
body mass index (BMI) - ------CORRECT ANSWER -----A measure, based on a person's weight and height,
that is used to classify people as underweight or overweight.
Business process - ------CORRECT ANSWER -----A sequence of logically related and time based work
activities to provide a specific output for a customer.
Central Limit Theorem - ------CORRECT ANSWER -----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
Cluster Analysis - ------CORRECT ANSWER -----The process of arranging terms or values based on
different variables into "natural" groups
Cointegration - ------CORRECT ANSWER -----Occurs when two time series are moving with a common
pattern due to a connection between the two time series
Combination - ------CORRECT ANSWER -----The number of different unordered possibilities for a certain
situation.
Complement - ------CORRECT ANSWER -----The occurrence of an event not happening, the opposite
,Confidence interval - ------CORRECT ANSWER -----An interval estimate used to indicate reliability
Continuous Data - ------CORRECT ANSWER -----Data that can lay along any point in a range of data
Control chart - ------CORRECT ANSWER -----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 - ------CORRECT ANSWER -----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 - ------CORRECT ANSWER -----compare an individual to certain defined standards
Critical Success Factors - ------CORRECT ANSWER -----The important things an entity must do to be
successful, such as quality measures, customer service, or efficiency.
Cumulative Average-Time Learning Model - ------CORRECT ANSWER -----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 - ------CORRECT ANSWER -----The probability that a random variable will be
found at a value less than or equal to a given number
Customer satisfaction - ------CORRECT ANSWER -----A measure of the extent to which customers are
satisfied with the products and related services they received from a supplier.
Cycle time - ------CORRECT ANSWER -----The total elapsed time to move a unit of work from the
beginning to the end of a physical process, as defined by the producer and the customer.
Cyclicality - ------CORRECT ANSWER -----Repetition of up (peaks) or down movements (troughs) that
follow or counteract a business cycle that can last several years
, Data Management - ------CORRECT ANSWER -----The management, including cleaning and storage, of
collected data.
Data Mining - ------CORRECT ANSWER -----the process of discovering patterns in large data sets;
performed on big data to decipher patterns from these large databases
Data Set - ------CORRECT ANSWER -----A collection of related data records on a storage device.
Davenport Kim Three Stage Model - ------CORRECT ANSWER -----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
Dependent Variable - ------CORRECT ANSWER -----The variable whose value depends on one or more
variables in the equation; typically the cost or activity to be predicted
Detractor - ------CORRECT ANSWER -----A category of customer used in the calculation of the Net
Promoter Score that indicates an unhappy customer.
Discrete Data - ------CORRECT ANSWER -----Data that can only take on whole values and has clear
boundaries
Double Blind Study - ------CORRECT ANSWER -----A study performed where neither the treatment
allocator nor the participant knows which group the participant is in
Economic Value Added (EVA) - ------CORRECT ANSWER -----Net income (after taxes) earned in excess of
the amount of net income required to earn the company's cost of capital.
Epidemiology - ------CORRECT ANSWER -----study of the incidence, distribution and possible control of
diseases and other factors relating to health
Event - ------CORRECT ANSWER -----An outcome that occurs
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