C207 oa test 2024 - Study guides, Class notes & Summaries

Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index assign a weight to allow for significant differences in the index. Re...

WGU C207 OA Partial test Questions with Answers. What are two potential uses of analytics? Choose 2 answers: a. To turn information into insight b. To develop fact-based strategies 2. Which two tools help users to understand processes? a. Control charts b. Flow charts 3. A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add one millimeter to each rod. What is the resulting mistake representative of? a. Systematic error...

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