C207 qu - Study guides, Class notes & Summaries

WGU C207 Pre-Assessmen Multi Choice Version Data-Driven Decision Making (PVPC)(67 questions and answers)

WGU Data D riven Decision Making - C207 questions with verified answers 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 suffic...

WGU Data Driven Decision Making - C207 Questions and answers latest update 2024

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying ri...

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying ri...

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...

WGU DATA DRIVEN DECISION MAKING - C207 QUESTIONS AND ANSWERS

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 - Answer- Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? - Answer- Prescriptive Analytics What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faulty equipment or bias? ...

WGU C207- DATA DRIVEN DECISION MAKING - C207 QUESTIONS WITH CORRECT DETAILED ANSWERS 2024

Random Errors Error in measurement caused by unpredictable statistical fluctuations Information Bias A prejudice in the data that results when either the respondent or the interviewer has an agenda and is not presenting impartial questions or responding with truly honest responses, respectively Ratio Data Similar to interval data in that the data is ordered within a range and with each data point being an equal interval apart, also has a natural zero point which indicates none o...